Ethiopian Industrial Parks Development Commission (IPDC) revealed that industrial park companies could provide their products to the local market for the following six months. The companies were allowed to sell their products to the Ethiopian market after Ethiopia was banned from the African Growth and Opportunity Act (AGOA) of the United States.
Sandoukan Debebe, the CEO of the Ethiopian Industrial Parks Development Corporation (IPDC), stated that new foreign and domestic investments joined industrial parks over the past three months. The investments are participating in agriculture, medicine and medical facilities, and product and service sectors. The investments are expected to increase job opportunities and improve production and service, the CEO added.
According to the CEO, the COVID-19 pandemic and the political instability of the country made the attraction of new investments difficult for over two years. However, industrial parks were making progress after the impacts of the pandemic and the political instability lessened, the CEO noted.
The Industrial Parks Development Corporation and the Asia-Africa Chamber of Commerce have formed a partnership by signing a memorandum of understanding. The CEO of the Industrial Parks Development Corporation, Akilulu Tadese, and the President of the Asia-Africa Chamber of Commerce, GD Singh (Dr.), signed the agreement.
Industrial Parks Development Corporation (IPDC) signed a memorandum or understanding with Tanabe Limited and Suntechno, Japanese companies, to recycle industrial park waste products.
The companies will start the recycling project in Hawassa Industrial Park within the next two months. If the pilot project is successful, it will be expanded to include other industrial parks and Government institutions. The companies are also expected to transfer skill and knowledge to Ethiopians while implementing the project.
Source (including image): IPDC
Industrial Parks Development Corporation (IPDC) is participating in the International Fabric Fair Paris. The Corporation is promoting Ethiopian industrial parks and investment sectors in which investors will be able to engage in.
The fair which is being held in France is hosting more than 900 companies mainly from Europe, India, China, Indonesia, Japan, Turkey, and various other countries.
Source (including image): IPDC
