May 2022, Addis Abeba, Ethiopia In an effort to investigate partnerships and collaborations, an Indian business and investment delegation is touring several industrial parks in Ethiopia.
The delegation is consisting of representatives of the business and investment community from various regions of India who have showed interest in future investments in the textile, agro-processing, and pharmaceutical industries.
The delegation will continue their trips to various business and investment sectors and interactions with various government agencies, according to the Foreign Affairs Ministry.
It was discovered that 400 of the 650 Indian enterprises that have already registered with the Ethiopian Investment Commission are already operating there.
A total of USD 5 billion USD has been invested in Ethiopia by Indian businesses.
About 60 to 70 percent of these businesses work in the manufacturing industry.