Ethiopia seeks Indian industry investment - sportstextiles: Lea SportsTextiles

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Ethiopia seeks Indian industry investment

20/10/2006

Ethiopia has invited Indian investment in various sectors, including textiles, leather, agriculture processing and small-scale industries, having already cleared investment proposals from India worth $500 million.

According to Ethiopian Minister of Trade and Industry Girma Biru, “Trade with India has grown steadily and stood at $83 million in 2005-06, a rise of 27% compared with the previous year.”

The two countries are scheduled to sign a Bilateral Investment Protection Agreement in the near future.


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