on Tuesday soughtinvestment from in priority sectors and hoped bilateral trade and investment will grow in the years to come. Ethiopian Ambassador Tizita Mulugeta listed the priority sectors of his country as textile and apparel, leather and leather products, pharmaceuticals, agro-processing, tourism, information and communciation technology and mining and energy. The bilateral trade between India and stood at USD 1.27 billion in the recent past years. The government of has taken several initiatives to encourage investors from India in different sectors, Mulugeta said at an interactive session with Merchant Chamber of Commerce and Industry. The two countries have very deep economic ties and there are over 558 Indian companies in Ethiopia with licensed investment of approximately USD 4 billion mostly in agriculture and manufacturing, he added.

Source: Ethiopian News February 23, 2021 18:00 UTC