Raymond Ltd Invest in Ethiopia

October 31st 2015 an MoU has been signed between Raymond Ltd and Ethiopian Investment Commission to start a 100 million dollar investment in Hawassa, Ethiopia. The company is the largest integrated manufacturer of worsted fabric in the world.

Prime Minister Hailemariam Dessalegn and other high level Government officials have briefed about Ethiopian business opportunities and the government commitment for more that 140 Indian business people in a special program arranged by Ethiopian Consulate General Office with Indo-African Chamber of Commerce and Industry.

The business promotion program was held in Hotel Oberoi in Mumbai on 31st October 2015. More than 200 people have participated in the program including business companies from Ethiopia. During the event Mr. Zemedeneh Negatu, Earnest and young Ethiopia, Managing partner, Mr. Fitsum Arega, Ethiopian Investment Commission, Commissioner and Mr. Mayur Kothari, Indian Business Association head have promoted Ethiopian business opportunities.

Finally, the business to business (B2B) meet was held between the business people of the two countries.