July 21, 2010 -- Indian ambassador to Ethiopia Bhagwant Bishnoi said Ethiopian will remain a destination of Indian potential investors as the country politically stable and ensure sound macro economic policy and good governance, according to ENA news report.

The ambassador said Ethiopia will be an exporter of potash, edible oil and chemicals for the leather industries. Adorn Chemical Plc, an India company, which recently launches officially its business, has already secured order from other country. 

In an interview with ENA on Monday the ambassador said 400 companies have been engaged in wide ranging areas including commercial farming, mining, infrastructures and various industries which cater jobs for thousands of people.

Ambassador Bhagwant said though the trade exchange volume of the two countries is limited to 500 million USD a year, his government has offered duty free tariff preferential schemes need to be exploited to increase the volume.

 Source: ENA