Ethiopia, India seek to deepen ties through chemical industry

Addis Ababa, March 22, 2024 (FBC) – Ethiopia’s Minister of State for Industry Hassen Mohammed emphasized the significance of enhancing the ever-growing economic relations between Ethiopia and India.

The state minister made the remark while addressing an ‘Ethiopia-India Chemical Business Meeting’ convened on Thursday to discuss ways of bolstering the continuously expanding economic connections between the two nations.

The forum, designed to facilitate the connection of Ethiopian and Indian stakeholders and actors in the sector, is poised to pave the way for collaboration between the two nations and the advancement of the manufacturing industry, as stated by Mr. Hassen.

He further highlighted that fostering a business partnership between the Indian chemical industry and the Ethiopian consumer market would represent a significant stride forward. According to the state minister, the forum also seeks to bridge the gap between Indian chemical products and Indian exporters in the chemical sector in Ethiopia.

The business forum between both parties will help expand the market size of the two nations through the enhancement of partnerships, the establishment of mutual relations, and the interconnection of their markets, he emphasized.

It has come to light that the Indian delegation is scheduled to engage in discussions with the Ethiopian Chemical Products Manufacturers Association to establish partnerships and foster collaboration.

The Indian chemical industry delegation consists of representatives from 25 companies, FBC understands.

Note that India stands as the second largest contributor to foreign direct investment in Ethiopia.