Ambassador Robert Shetkintong told
The Ethiopian Herald recently that the committed leadership here in Ethiopia is ready to listen to the needs of foreign investors and is improving situations like relevant regulations.
“Naturally, Ethiopia is creating a very, very positive environment for foreign investors to come here.”
He said there are about 617 Indian companies investing in Ethiopia creating employment to over 75,000 Ethiopian nationals. The companies have invested about 5 billion USD, of which some 3 billion USD are on the ground.
In terms of trade, Shetkintong said India is the fourth largest trading partner. In 2019, the bilateral trade was 1.2 billion USD which slightly dropped to 1.1 billion USD.