Indogulf Cropscience expands its investment in Ethiopia’s fertilizer sector

IndoGulf Cropsciences, a leading Indian agrochemical and fertilizer manufacturer, is set to enhance its investment in Ethiopia’s fertilizer production industry. This move was discussed during a meeting between Fesseha Shawel, the Ethiopian Ambassador to India, and Sanjay Aggarwal, Managing Director of IndoGulf Cropsciences.

The discussions focused on the potential for manufacturing agrochemicals and fertilizers directly in Ethiopia, building on IndoGulf’s existing export relationships. Ambassador Shawel highlighted the favorable investment climate in Ethiopia’s agricultural sector, emphasizing the country’s recent macroeconomic reforms and liberalization of the financial sector, which are aimed at attracting more foreign direct investment.

The Embassy of Ethiopia in New Delhi expressed optimism about this partnership, noting that such investments are crucial for the growth of Ethiopia’s agrochemical industry and can significantly contribute to the agricultural sector’s development.