April 2021 \ World News \ Focus on African continent
Indian firms plan projects in Ethiopia

“Ethiopia has registered sustained double digit GDP growth ...

  • Mr Vijay Kalantri

“Ethiopia has registered sustained double digit GDP growth in the last 14 years and India has been a key partner in this growth trajectory. The Government of Ethiopia has a clear vision to promote the country as the New Horizon of Hope in Africa. We have operationalised 12 state of the art industrial parks across key development corridors with a mission to transform the country into a leading manufacturing hub in Africa. Ethiopia is the second most populous country of Africa and it is an incredible hub for foreign investors because of abundant natural resources, diverse agro-climatic zones, cheapest electricity, trained and affordable workforce,” said H.E. Dr Tizita Mulugeta, Ambassador of the Federal Democratic Republic of Ethiopia, at an interactive webinar on "Trade and Investment opportunities in Ethiopia post COVID-19". The webinar was organized by the All India Association of Industries (AIAI).

She said, “The government has taken bold measures on liberalization and removing structural and regulatory constraints for investors. The country’s proximity to the middle east, Asia and duty free access to EU and US markets are its attractive features.”

Tags: Africa

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