With an expected frequency of one flight per week, Ethiopian Airlines will be operating Boeing 777-300 aircraft for this purpose with a capacity of 50 MT per flight. This new direct connection between Hyderabad and Ethiopia throws open new opportunities for Indian companies, located down south to explore and tap the benefits of one of the fastest growing economies in the world.
The dimensions of India-Ethiopia trade have boosted incredibly and with rapid technological innovation and huge capital investments coming into picture, noteworthy value is being created for both the economies. India is now among the top three foreign investors in Ethiopia with major investments made in textiles and garments, engineering, plastics, water management, consultancy and ICT, education, pharmaceuticals and healthcare. And as per Ministry of External Affairs, 2018 report, Indian investments in Ethiopia are estimated to be around $4 billion with 540 Indian companies present in the country.