H.E. Mr. Melaku Alebel held an Interactive session with Indian Industrialists
During an Interactive session organized by the Embassy of Ethiopia in India, H.E. Mr. Melaku Alebel, Minister of Industry of F.D.R.E. gave a comprehensive presentation about Investment opportunities in Ethiopia by focusing on priority sectors such as agriculture, manufacturing, mining, ICT and tourism.
H.E. the Minister elaborated factors for investment in Ethiopia including unparalleled market access, abundant natural resources, fertile arable land, abundant water, rich minerals, diverse chemical products, air connectivity as well as unlocking potentials in agribusiness and manufacturing.
Further, H.E. Mr. Melaku, dwelt in detail a comprehensive package of support and incentives including industrial park infrastructure, tax breaks and streamlined processes, underlining ample opportunities existing in pharmaceutical and health sector, agriculture and agro-processing, electrical vehicles, steel and metal, digital infrastructure, mining and etc, while replying to various questions raised by participants.
With regard to India Investment in Ethiopia, H.E. the Minister mentioned that Indians are the 2nd largest foreign investor in Ethiopia creating job opportunity for more than 75,000 Ethiopians and underscored that this partnership has to be enhanced and further broadened in key investment sectors such as agro-processing, pharmaceuticals and other manufacturing sectors, mining as well as emerging sectors such as finance, telecommunication, digital infrastructure and etc.
Hence, H.E. the Minister invited Indian companies for long-partnership and reaffirmed the commitment of the government to provide all necessary assistance and support to ensure their investment a grand success. The program was attended by more than 100 participants drawn from different sectors including representatives from different Chambers of Commerce and Industry.
