Over $237M worth of import substitute products supplied to local market in 2023/24 FY

Addis Ababa, July 19, 2024 (FBC) – The Industrial Parks Development Corporation of Ethiopia (IPDC) revealed that over 237 million USD worth of import substitute products were successfully supplied to the domestic market during the last fiscal year.

Notably, among the various import substitute products produced by Ethiopian industrial parks, beer malt and construction materials emerged as the primary inputs.

Moreover, IPDC facilitated the creation of a market linkage by providing inputs valued at more than 124 million US dollars to local manufacturers.

Since its inception in 2014, the Industrial Parks Development Corporation of Ethiopia (IPDC) has enabled local industries to manufacture import substitute products worth more than 606 million US dollars.