Ministry pledges to consolidate support for private investment
The State Minister Tadesse Haile made the remark while inaugurating yesterday Castle grape farm established in Ziway town at a cost of 10 million USD.
The government would sustain its support to the private sector by putting in to practice investment friendly policies and strategies, he indicated.
The government has been undertaking various activities to boost investment in the country, he said, adding that the increasing investment flow at present proves the presence of right economic and investment policies in the country.
The grape farm the first of its kind in the country would contribute towards generating foreign currency to the country, Tadesse stated.
France Ambassador to Ethiopia Stephane Gompertz on his part said that there are ample investment opportunities for investors interested to invest their capital here in Ethiopia.
The Ambassador who recalled that the government of Ethiopia has publicly called on French entrepreneurs to come and invest here expressed delight witnessing French investor embarking upon the cultivation of grape.
Castle Winery Factory PLC General Manager, Jean poul Blavier, on his part said that the company would carry out the cultivation of grapes on 495 hectares of land in the town.
The company has created 250 permanent and casual jobs, according to the manager.
Upon going operational in three years time, the factory produce up to 100 million bottles of wine per annum, it was pointed out.
