Indian Trident Group Limited Company Set to Invest in Ethiopia

Indian Trident Group Limited Company, which is a USD 1 Billion Indian Business Conglomerate and a major player in business segments, is set to invest USD 100-200 million capital in Ethiopia to produce an eco-friendly Trident Copier and Writing Paper.

Navel Jindal, Trident’s CEO, said, “Trident offers a unique advantage of saving the plants by using eco-friendly copier paper which is directly helping the farmers through sale of agro waste which was earlier burned as economic benefit that cause air pollution.”

The company produces environment friendly paper, which saves over 1.5 million trees per year, from agro residue materials and manages non-utilized resource and rain-fed harvesting.

According to the CEO, Ethiopia remains below average in terms of annual paper consumption as the country’s per capita consumption is 2.5 kilograms per year while the world’s average per capita consumption is 55 kilograms. 

Source: Ethiopian News Agency

Exchange Rates

Selling
Buying
USD 28.8475  28.2819 
GBP 35.3239  34.6313 
EUR 32.5227  31.8850 
CHF 27.3769  26.8401 
CAD 19.6427  19.2575 
AED 7.1069  6.9675