An Ethiopian - Indian business forum has been held in Addis Ababa, Ethiopia, aiming to promote foreign direct investment and business-to-business linkage between Ethiopian and Indian companies, the Ethiopian Ministry of Foreign Affairs revealed.
Dewano Kedir, Economic Diplomacy Permanent Representative at the ministry, speaking at the opening of the forum said the forum has a paramount significance to strengthen the long-standing relations between Ethiopia and India.
Indicating Ethiopia has been working to give special attention to foreign direct investment, Mr. Dewano gave a highlight of the reforms the Ethiopian government is carrying out to encourage more foreign investors to enter the Ethiopian market.
Sunanda Rajendran, CEO of Indo-African Chamber of Commerce and Industry, for her part, appreciated Ethiopia’s effort in creating a favorable environment for investment, adding that Indian companies have the interest to invest in areas of innovation and technology, textile, food and milk processing.
Some 40 business companies drawn from Ethiopia and India took place in the business forum. It was further noted that the Indian attendees of the forum will visit selected investment areas during their stay in Ethiopia.