ADDIS ABABA – Government officials from foreign and trade Ministries met representatives of Indian businesses who’ve invested in Ethiopia.
India Business Forum (IBF) organized the instructive discussion on Tuesday which was attended by State Minister of Foreign Affairs Tsion Teklu and state minister of Trade and Industry Ambassador Misganu Arega.
The meeting gave Indian companies an opportunity to raise their concerns to the officials in the sector they invested in.
Speaking at the discussion, State Minister Tsion listened to the issues raised by Indian investors and assured them of early resolution.
She also acknowledged the important role and contributions made by Indian investors and businesses to the economic growth of the East African nation.
India is one of the top investors in Ethiopia and 617 Indian companies registered with the Ethiopian Investment Commission employ about 75000 workers in Ethiopia.
Ambassador Misganu Arega expressed that more can be done to increase investment from India and highlighted the opportunities in the East African nation.
The state minister encouraged IBF members to facilitate more investments from India.
The highlighted investment opportunities include sectors identified by the government as priority including the mining sector.
The Officials assured the indian businesses of their commitment to support them in their investment adventure in Ethiopia.
Mayur Kothari, convener of India Business Forum, mentioned about the active initiatives of the Forum in bridging Indian investors with Ethiopia.
There were 35 new Indian investment projects during the last one year despite the impact of Covid-19 pandemic on the world economy.
The bilateral relations between Ethiopia and India will remain strong, said Robert Shetkintong, Indian ambassador to Ethiopia, and mentioned that “the business and economic aspect of our bilateral relations was very important”.
The ambassador commended India Business Forum for actively facilitating Indian investments in Ethiopia.
India Business Forum was established in 2005 and is celebrating its 15 years of service facilitating Indian investors in Ethiopia.
The Forum holds periodic meetings with dignitaries and officials of the Federal Democratic Republic of Ethiopia, Presidents of the Regional States, Ethiopian Investment Commission and also with banks.