Government of Ethiopia (Addis Ababa)

20 November 2012

Ethiopia: Premier - Meets With Indian Investors

Prime Minister Hailemariam said on Monday (November 19th) that Ethiopia will provide any necessary support to Indian investors.

While holding discussions with a fifteen person Indian business delegation representing thousands of companies, the Prime Minister said Ethiopia would supply any required assistance to boost India investment capital in Ethiopia from the current US$4.5 billion to US$10 billion over the next three years.

The Growth and Transformation Plan comes to an end in 2015. The Prime Minister reaffirmed that the government would exert all efforts to further enhance the already favorable situation for the expansion of investment in the country.

The head of the delegation, the President of the Federation of Indian Chambers of Commerce and Industry (FICCI), Mr. R V Kanoria underlined the interests of Indian investors to engage in various sectors, particularly the industry sector. He explained that investors were ready to invest in Ethiopia in other areas including agriculture, manufacturing, hotel, construction materials and IT.

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