Parker Clay, Akshay Jain Agree to Enter Ethiopian Industrial Parks

ADDIS ABABA – Two private manufacturing firms, Parker Clay Plc and Akshay Jain have today agreed to start operations inside the Addis Ababa and Jimma industrial parks, respectively.

The Ethiopian Industrial Parks Development Corporation (IPDC) on Monday signed the memorandum of understandings with officials of Parker Clay Plc, and Akshay Jain Plc, respectively.



Accordingly, Parker Clay manufacturing will invest at least 30 million Birr on 1,150 square meters of shade inside Addis Industrial Park.

The company plans to manufacture leather products in its newly acquired shade and expects to eventually create job opportunities for at least 300 people.

Akshay Jain Company, on the other hand, will invest some 884 million Birr on 40,000 square meters of land inside Jimma Industrial Park to install an Avocado oil, Biodiesel, and Biofertilizer plant.

Many people will get job opportunities inside this plant, its officials said.

Officials of both companies stated their plan to immediately start activities to start production and export their products to the international market.

Deputy CEO of the IPDC, Shiferaw Solomon, said the corporation will provide the necessary support for both companies to carry out their businesses on time.
The IPDC, a public enterprise, currently manages 13 industrial parks where a total of 125 companies, both local and foreign, have invested in various sectors. 

Source: Link to the Post

Leave a Reply