Indian enterpreneurs to invest 4.2 billion USD in Ethiopia
Dire Dawa, June 20, 2009 (DireDawa) - Indian entrepreneurs have received licenses to 439 investment projects in different parts of Ethiopia with an aggregate capital of 4.2 billion US dollars, Indian Ambassador to Ethiopia disclosed.

While visiting Dire Dawa town recently, Ambassador Gurjit Singh said trade and investment ties between Ethiopia and India have been flourishing since the two sisterly countries are in the same track development.

In fact, he said, the age-long Ethio-Indian cooperation has been further enhanced over the last few years, especially agriculture, infrastructure, communication technology, and human resource development sectors.

There is favorable trade and investment climate in Ethiopia, he said, Indian embassy will continue promoting the various investment opportunities to Indian entrepreneurs.

After holding fruitful discussions with students of Dire Dawa University, the ambassador pledged to donate 20,000 birr worth reference books to the university and strive to launch e-education among the university and Indian counterparts.

Mayor of town, Adem Farah said on his part the visit of the Indian ambassador aims at holding discussions with local entrepreneurs in order organize a symposium in the town.

Trans-10:54-11:20 am

---END---

Headlines
Indian enterpreneurs to invest 4.2 billion USD in Ethiopia
State launches house-to-house anti polio immunization campaign
(c) The Ethiopian News Agency