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Indian Investments in Ethiopia May Double by 2015, Meles Says

Investment by Indian companies in Ethiopia may more than double to $10 billion by 2015, helping the Horn of Africa nation end its dependence of food aid, Ethiopian Prime Minister Meles Zenawi said.

About 400 Indian firms have invested $4.7 billion, while trade between the two nations stands at $660 million and should rise to $1 billion in 2015, Meles told a press conference today with Indian Prime Minister Manmohan Singh.