The third India-Africa Forum is to be held in New Delhi from October 26 to 29, 2015, after a year from its original plan as a result of the outbreak Ebola virus in West Africa, according to the Indian Embassy to Ethiopia.
An Indian integrated textile manufacturing company, KPR Group, inaugurated its plant at Mekelle Industrial Park in the region of Tigray, Ethiopia. The plant cost KPR $2.5 million.
Indian business delegation which has 15 members from various sectors is to visit Addis Ababa, Ethiopia, according to the Indian Embassy in the Capital.
A high level business delegation from India made a visit to Addis Ababa last week. The delegation included representatives from 23 businesses many of whom were from the commercial capital of India, Mumbai.
Most of the businesses represented seem to be interested in capital intensive long term investment in a range of sectors such as sugar, energy, and mining.
The visit from the business delegation was organized through the Ethiopian Consulate in Mumbai.
Ethiopia shares the model of the Indian export driven economic strategy especially in light of the similar socio0economic and cultural settings shared by the two countries said Mulu Solomon, President of the Ethiopian Chamber of Commerce, and Sectoral Association.
Indian companies are planning to establish opal processing plants in Ethiopia following a ban on the export of raw opal earlier this month. Until the ban was imposed 86 percent of of Indian opal was sourced from Ethiopia.
Several Indian companies have showed their interest in building opal processing plants in Ethiopia, according to the reports of The Reporter.
