American, Indian Firms Ink Industrial Park Lease Agreement

Jul 9 , 2022

Two private manufacturing firms have inked deals with the Industrial Parks Development Corporation (IPDC) for space inside two industrial parks. Parker Clay, based in the US, has leased space in Addis Abeba's Bole Lemi Industrial Park for the manufacture of leather products. Akshay Jain Company will be leasing 40,000sqm in Jimma Industrial Park to set up avocado oil, biodiesel, and bio-fertiliser manufacturing plants. Led by Sandokan Debebe, the state-owned IPDC oversees over a dozen industrial parks across the country, where over 100 companies, both domestic and foreign, are engaged in manufacturing. Sitting on 400hct, its flagship[ Hawassa Industrial Park was the first – and largest – to be inaugurated six years ago.