Welspun India, textile manufacturing company from India, is interested to invest and join Ethiopia’s textile industry. Such was disclosed by the company’s chairman, B. K. Goenka after he held discussions with Hailemariam Dessalegn, Prime Minister of Ethiopia, on the sidelines of Davos World Economic Forum.
Kanoria Africa Textiles, a sister company to Kanoria Chemicals & Industries Ltd, has set up an integrated Denim fabric manufacturing plant in Bishoftu, 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.
India’s Raymond Ltd Company has concluded an agreement with the Ethiopian Investment Commission to invest in Ethiopia, according to Ethiopian News Agency (ENA).
Indonesia is interested in increasing ties with Ethiopia in a range of investment sectors. The strong and friendly ties between the two countries can serve as basis of increasing economic ties in spite of the poor global economic situation said Ramli Saud,
Indonesian Ambassador to Ethiopia speaking at the event held to commemorate the 67th Independence of the country held at the Ambassadorial residence.
The relationship between the two countries is based on three pillars that of government to government, business to business and people to people he said.
