(May 21, 2011, Addis Ababa)--India, the largest foreign investor in Ethiopia, has approved investments worth $4.78 billion for various projects in the country of which $1 billion is already on ground, Commerce and Industry Minister Anand Sharma today said.
India will explore partnerships in the priority sectors of agriculture, education, health, pharmaceuticals, IT, skills training and infrastructure with Africa, he added.
Sharma, who is leading a 14 member delegation of Indian CEOs on a 4-day visit to Ethiopia for the 2nd Africa-India Forum Summit, also discussed ways to enhance economic engagement by the conclusion of trade cooperation agreements between India and African Regional Economic Communities in a meeting with Ethiopian Prime Minister Meles Zenawi in Addis Ababa.
The bilateral trade between India and Ethiopia has grown from $ 83 million in 2005-06 to $ 272 million in 2009-10, registering a three-fold increase over the four-year period. Read more from The Indian Express »
India will explore partnerships in the priority sectors of agriculture, education, health, pharmaceuticals, IT, skills training and infrastructure with Africa, he added.
Sharma, who is leading a 14 member delegation of Indian CEOs on a 4-day visit to Ethiopia for the 2nd Africa-India Forum Summit, also discussed ways to enhance economic engagement by the conclusion of trade cooperation agreements between India and African Regional Economic Communities in a meeting with Ethiopian Prime Minister Meles Zenawi in Addis Ababa.
The bilateral trade between India and Ethiopia has grown from $ 83 million in 2005-06 to $ 272 million in 2009-10, registering a three-fold increase over the four-year period. Read more from The Indian Express »
No comments:
Post a Comment