India’s trade and investment relationship with Ethiopia is very strong, says President Kovind
The President of India, Shri Ram Nath Kovind, graced and addressed the India-Ethiopia Business Dialogue, organised to commemorate the 12th Anniversary of the India Business Forum in Addis Ababa today (October 5, 2017). Speaking on the occasion, the President said that Ethiopia and India have been trading with each other for centuries. Trade relations between Ethiopia and India flourished during the ancient Axumite Empire from the 1st century AD. Today the economic relationship covers trade, private investment, concessional loans for infrastructure projects and development assistance, largely for capacity building. The President, Shri Ram Nath Kovind and the President of Ethiopia, Dr. Mulatu Teshome at the inauguration of the FICCI Exhibition, at Addis Ababa, in Ethiopia on October 05, 2017 The President said that India is now among the top three foreign investors in Ethiopia. Indian investment has made a mark in textiles and garments, engineering, plastics, water management