Ethiopia-India Business Forum held focusing on investment, trade and tourism areas

Addis Ababa, February 28, 2022 (FBC) – The Embassy of the Federal Democratic Republic of Ethiopia in collaboration with The Diplomatist, a magazine production company organized a virtual business forum aiming at uncovering Ethiopia-India investment, trade and tourism opportunities.

Tizita Mulugeta, Ambassador of Ethiopia to India, Robert Shetkintong, Ambassador of India to Ethiopia, invited guests and more than 45 different Indian companies took part in this virtual event.

Ambassador Tizita Mulugeta in her opening remarks underscored the forum as a useful event to acquaint the business community of India with the opportunities and potentials of investing and doing business in Ethiopia.

Ambassador Tizita also explained in detail, the endeavors the Government of Ethiopia is making to create a favorable condition for foreign investors interested to establish their presence in Ethiopia.

The Government of Ethiopia, with the vision of making the country a leading manufacturing hub in Africa, placed a high focus on industrial parks development, the Ambassador stated.

She indicated that the government has so far constructed and operationalized around 20 state-of-the-art industrial parks which are located along key development corridors with a distinct specialty in a priority sector.

Robert Shetkintong, Ambassador of India to Ethiopia stated even during the trying time of covid-19 pandemic, around 35 Indian companies have got their investment license from the Ethiopian Investment Commission.

This shows how Ethiopia has many untapped and enormous investment potential for foreign investors, the Ambassador indicated. Participants also raised queries regarding investment and trade opportunities in Ethiopia and a reflection was given from the Ambassadors and invited speakers.