Ethiopia invites Indian investment

NEW DELHI: Ethiopia invites Indian investment in textiles, leather, agriculture processing, construction and small scale industries under its industrial development strategy, said Ethiopian Minister of Trade and Industry, Girma Biru, at a luncheon meeting organized by the Confederation of Indian Industry (CII).

As many as 184 private companies from India have already secured investment approvals in Ethiopia till May 2006, the Minister said. The total quantum of approvals is around US$ 500 million. Many of these are already in operation or at the project implementation stage.