The rate of Indian investment in Ethiopia is increasing due to the ideal investment environment in the country. Successful Indian investors in Ethiopia are inviting others to join them said the Ethiopian Embassy in Ethiopia.
There are many Indian investors in Ethiopia engaged in investment projects such as agriculture, leather processing, agro-processing, mining and steel processing said Genet Zewede, Ethiopian Ambassdor to Ethiopia.
Four more Indian investors have been licensed to engage in sugar manufacturing, garment, cotton and denim production between the months of July and September she said.
Investment by Indian business people has also included investment in large scale commercial farms with more land given to investors from India than any other foreign investors.