Webinar on India-Ethiopia Economic Partnership – 8/10/2020

Webinar on India-Ethiopia Economic Partnership – 8/10/2020

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) facilitated a special webinar on 7 October 2020 on building momentum in India-Ethiopia Economic Partnership through Trade and Investment Opportunities to provide a fresh impetus to the robust India-Ethiopia partnership.

Participants included H.E. Mrs. Tsion Teklo, State Minister for Economic Diplomacy and Diaspora Affairs, Ministry of Foreign Affairs of Ethiopia, Ambassador Nagma M Mallick, Additional Secretary (Africa), Ministry of External Affairs of India, Dr. Tizita Mulugeta, Ambassador of Ethiopia to India and Dr. Niranjan Hiranandani, President, ASSOCHAM.

H.E. Mrs. Tsion Teklo, in her keynote remarks, stated that our bilateral relations go back to many centuries, and that people to people ties were the true hallmark of our relationship. In Ethiopia, Indians are not considered as foreigners. Ambassador Nagma Mallick said that both countries were characterized by diversity, language and culture. Ethiopia has been the great success story of Africa and India has been a partner in this journey. There are over 586 Indian companies in Ethiopia. Ambassador Tizita Mulugeta noted that Ethiopia was the first African country to have official diplomatic relations with India in 1948 and opened its embassy. Throughout all these years, we have seen Ethiopia and India’s diplomatic and commercial relations growing significantly specially in the areas of trade and investment. Dr. Niranjan Hiranandani, President, ASSOCHAM and Founder and Managing Director, Hiranandani Groupsaid, said that trade relations go back to many centuries. People moved between the two countries for trade since many centuries ago. We want to re-strengthen the same ties between the two countries. We are looking forward to relationships in different types of activities whether it is in health, infrastructure, trade, investments, as a bilateral position between our countries.

The discussion witnessed useful exchange and insights into various sectors for collaboration between India and Ethiopia, and also the prospects for new areas of cooperation between companies in India and Ethiopia.

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