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India Seeks Expanding Economic Cooperation With Ethiopia, Ambassador Says

© AP Photo / Elias MeseretEthiopian railway
Ethiopian railway - Sputnik Africa, 1920, 23.11.2024
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Ethiopia and India share a long history of collaboration, dating back over two millennia. The relationships between two countries encompass cooperation in multilateral initiatives, education, investment, and trade, with both nations committed to advancing the interests of the Global South on the international stage.
India's Ambassador to Ethiopia, Anil Kumar Rai, expressed the country's strong interest in expanding economic cooperation with Ethiopia, particularly in mining, construction, and infrastructure, in an interview with Ethiopian state media.
He also cited the strong bilateral partnership and substantial presence of Indian companies.
Ethiopia's untapped mineral resources, including phosphate, iron ore, and gold, are prime targets for Indian investment, leveraging India's expertise, the ambassador said, noting that India also seeks broader collaboration in construction and urban development.
Ethiopian Prime Minister Abiy Ahmed participated in the opening ceremony of a new gold exploration factory - Sputnik Africa, 1920, 21.11.2024
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The ambassador expressed confidence that Ethiopia's economic reforms will establish it as a major investment hub, attracting global investment, including significant contributions from India.
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