Indian Businessmen Keen to Invest in Ethiopia

An Indian business delegation led by Mr. Ashok Kajaria, President of the PHD Chamber of Commerce and Industry and Chairman and Managing Director of Kajaria Ceramics Ltd., was briefed on investment opportunities in Ethiopia by the officials of the Ethiopian Investment Agency and other concerned government bodies at the Ethiopian Investment Agency on 15th November 2010.

In his opening remark, Mr. Abi Woldemeskel, Director General of the Ethiopian Investment Agency, welcomed the members of the delegation, and said that Ethiopia and India have long standing historical, economic and social relations. He also noted that there are many Indians virtually engaged in all sectors of investment in Ethiopia and, therefore, the delegation members should feel at home and have full confidence to do business in the Country.

After the opening speech, the Director of Research and Promotion Directorate with the Agency made a presentation on investment climate and policy of the Ethiopia. Subsequently, representatives of the concerned government bodies presented investment opportunities in agriculture, textile, leather industry, education, and energy sectors to the business delegation.

The presenters also gave satisfactory explanations to the questions raised by the businessmen. The meeting was organized by the Ethiopian Investment Agency in cooperation with the Ministry of foreign Affairs.