{"id":134427,"date":"2023-05-05T16:28:10","date_gmt":"2023-05-05T10:58:10","guid":{"rendered":"https:\/\/digpu.com\/?p=134427"},"modified":"2023-06-08T13:48:14","modified_gmt":"2023-06-08T08:18:14","slug":"india-and-ethiopia-a-flourishing-75-year-diplomatic-bond","status":"publish","type":"post","link":"https:\/\/digpu.com\/diplomatic-diary\/india-and-ethiopia-a-flourishing-75-year-diplomatic-bond","title":{"rendered":"India And Ethiopia: A Flourishing 75-Year Diplomatic Bond"},"content":{"rendered":"\n

Ethiopia<\/a>, commonly known as the Horn of Africa was one of the first countries from Africa to establish diplomatic relations with India in 1948. Celebrations of 75 years of diplomatic relations between the two countries are ongoing.\u00a0<\/p>\n\n\n\n

In recent years, both countries have been working to strengthen cooperation in areas such as renewable energy, healthcare, tourism, and education. In 2017, India announced a line of credit worth $195 million to Ethiopia for power transmission and irrigation infrastructure.<\/p>\n\n\n\n

India has invested in various projects in Ethiopia, including the sugar industry, textile industry, power sector, and infrastructure development. Ethiopia is also an important source of commodities such as coffee, oilseeds, and pulses for India. <\/p>\n\n\n\n

During the last 20 years, Indian investors have contributed to the economic development of Ethiopia. According to the Ethiopian Investment Commission (EIC)<\/a>, 650 Indian companies registered with EIC have generated employment for about 75,000 Ethiopian workers.\u00a0<\/p>\n\n\n\n

MELAKU ALEBEL<\/a>, Minister of Industry of Ethiopia participated in the 17th CII-Exim Bank Conclave on India \u2013 Africa Growth Partnership (19 July 2022). He spoke about the Ethiopian government\u2019s efforts to attract foreign investments. He noted that Indian investments have a substantial and visible presence in Ethiopia.<\/p>\n\n\n\n

H.E. Dr. Tizita Mulugeta, Ambassador of Ethiopia to India mentioned in her media interaction that Ethiopia can be an attractive investment destination for Indian businessmen as it offers advantages like:<\/p>\n\n\n\n