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.
The Indonesian pharmaceutical company, Sanbe Farma Company, is aiming to invest in pharmaceuticals industry of Ethiopia. Such was disclosed by the company’s president, Dr. Jahja Santose.
Despite investing heavily in industrial park development, Ethiopia has yet to fully realize its economic potential from these facilities. A high-level consultation between the Industrial Parks Development Corporation (IPDC) and the Ethiopian Investment Commission (EIC) revealed that while over 1.6 billion USD has been poured into 13 industrial parks over the past nine years, their combined revenue has only reached USD 1.2 billion USD.
