India and Ethiopia on 05 October 2017 signed agreements on trade, communication and media to boost bilateral ties as President Ram Nath Kovind held talks with his Ethiopian counterpart Mulatu Teshome. Kovind and Teshome discussed economic relations, with the agreements on trade, communication and media signed in their presence, according to the president’s Twitter page.
The aim of the ISA is to provide a dedicated platform for cooperation among solar resource rich countries and promote the use of solar energy. The president discussed Indian support to Ethiopia in the power sector, healthcare, and education. He referred to India as among the top three sources of foreign direct investment for Ethiopia.
The India Business Forum is the first partner-country forum of its kind in Ethiopia and represents more than 100 Indian companies. Kovind said India has created jobs and contributed to the prosperity of Ethiopia. Indian investment has had a significant presence in manufacturing in Ethiopia and value addition to local resources