Ethiopia- ADDIS ABABA (HAN) September 19. 2020. Public Diplomacy and Regional Stability Initiatives News. Monitoring Regional Issues. Ethiopian Embassy in India disclosed that it has focused on promoting activities that help the country put policy reforms into practice by which it can potentially attract more foreign direct investment (FDI) during the post COVD-19 era.
In an exclusive interview with The Ethiopian Herald, Ambassador Extraordinary and Plenipotentiary of Ethiopia to India Dr. Tizita Mulugeta said that Ethiopia and India have strong diplomatic relations in investment, trade and the like and India continues to be one of the top investment sources for the former.
Ambassador Tizita added that as the first African country which opened its Embassy in India in 1948, Ethiopia has strong historical relations with India especially in capacity building as many Indian scholars have participated in expanding education in Ethiopia.
According to Ambassador Dr. Tizita, the historic relation of the two countries has developed to a stronger economic relation over the past 15 year and currently over 500 Indian investors are engaged in different investment sectors in Ethiopia which makes India among the top FDI sources of Ethiopia next to China.
Indian investors are mainly investing in textile, pharmaceuticals industry, food processing and steel factories and the trade transaction among the two countries is also growing at a larger scale, she added.
As learnt from her, over 1,300 Ethiopians are also attending at Indian higher education institutions and the country is providing Ethiopian experts with a range of capacity building trainings.
“Currently Ethiopia is taking serious practical reforms in easing doing business, introducing new technologies to facilitate the service like one stop shopping and online services. Besides, the privatization and partial liberalization measurements are among the plausible steps the Ethiopian government is striding to create suitable ground for private sector development in Ethiopia,” Ambassador Dr. Tizita underscored.