India gets access to Ethiopian leather
Ethiopia and India have signed a memorandum of understanding in the leather sector for joint development of the industry through technology and market collaborations.
By TNN |
NEW DELHI: Ethiopia and India have signed a memorandum of understanding in the leather sector for joint development of the industry through technology and market collaborations.
Under the MoU, India will be allowed to access Ethiopia���s rich leather resources. Fiscal incentives for setting up manufacturing and training facilities will also be given to the Indian leather industry.
India will collaborate with Ethiopia in terms of capacity building, setting up research institutes and training manpower in leather sector to explore new markets and produce new products to compete with developed nations.
���There is tremendous opportunity available in India and African nations like Ethiopia in the leather sector. There is a need to collaborate with Ethiopia in terms of capacity building, setting up research institutes and training manpower to explore new markets and produce new products to compete with developed nations,��� commerce secretary G K Pillai said at the CII-Exim India-Africa partnership Summit.
Mr Pillai said that developing countries like India and African countries should put their resources together to fight competition from the developed world. He said that India would provide funds for capacity building and setting up training institutes in Ethiopia and other African countries.
Under the MoU, India will be allowed to access Ethiopia���s rich leather resources. Fiscal incentives for setting up manufacturing and training facilities will also be given to the Indian leather industry.
India will collaborate with Ethiopia in terms of capacity building, setting up research institutes and training manpower in leather sector to explore new markets and produce new products to compete with developed nations.
���There is tremendous opportunity available in India and African nations like Ethiopia in the leather sector. There is a need to collaborate with Ethiopia in terms of capacity building, setting up research institutes and training manpower to explore new markets and produce new products to compete with developed nations,��� commerce secretary G K Pillai said at the CII-Exim India-Africa partnership Summit.
Mr Pillai said that developing countries like India and African countries should put their resources together to fight competition from the developed world. He said that India would provide funds for capacity building and setting up training institutes in Ethiopia and other African countries.
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