India's ties with Ethiopia is symbolic of its engagement with Africa, President Ram Nath Kovind said as he invited business stake-holders from the region to partner with India and benefit from them.Addressing the India-Ethiopia Business Dialogue, organised to commemorate the 12th Anniversary of the India Business Forum here yesterday, the president said Ethiopia and India have been trading with each other for centuries. "We have also committed to a grant assistance of USD 600 million that will include an India-Africa Development Fund of USD 100 million and an India-Africa Health Fund of USD 10 million. The Asia-Africa Growth Corridor is another initiative brimming with potential," the president added.He invited business stake-holders in Ethiopia and Africa to partner India in these frameworks and benefit from them.The president pointed out that India is now among the top three foreign investors in Ethiopia. "Indian investments in Ethiopia have had a significant presence in manufacturing and value addition to local resources. His visit is the first by an Indian president to Ethiopia in 45 years since President V V Giri's trip in 1972.

Source: Ethiopian News October 06, 2017 08:37 UTC