Ethio-India business forum that brought 40 Ethiopian and Indian companies together was held in Addis Ababa.
Ethiopia’s Ministry of Foreign Affairs (MFA) statement said the business forum meant to attract foreign direct investment (FDI) and enhance business to business (B2B) ties between Ethiopia and India.
During the occasion, Ambassador Dawano Kedir, Economic Diplomacy Permanent Representative at Ethiopia’s MFA, remarked that the economic reform being undertaken in the country plays a crucial role in attracting foreign direct investment (FDI) and enhancing the role of the private sector.
The business forum is necessary to further cement the long-standing and historical ties between the two countries, he added.
General Secretary of Indo African Chamber of Commerce and Industry, Mrs. Sunanda Rajendran, commended Ethiopia’s efforts to create conducive business and investment environment.
She further stated that Indian investors are keen to invest in Ethiopia in textile, innovation technology, food and dairy processing and information technology sectors, it was indicated.