Speaking on the occasion, the President said that Ethiopia and India have been trading with each other for centuries. "Trade relations between Ethiopia and India flourished during the ancient Axumite Empire from the 1st century AD. Today the economic relationship covers trade, private investment, concessional loans for infrastructure projects and development assistance, largely for capacity building," Kovind said. "Indian investment has made a mark in textiles and garments, engineering, plastics, water management, consultancy and ICT, education, pharmaceuticals and healthcare. He congratulated the Indian Business Forum for playing a lead role in encouraging Indian investment and promoting trade and commerce between India and Ethiopia.

Source: Ethiopian News October 05, 2017 17:48 UTC