The Industrial Parks Development Corporation (IPDC) has allocated 22 hectares of rent-free land and a 6.9 billion Br incentive package to 50 local medium-sized manufacturers. The programme targets import substitution, with 24 firms assigned to the Kilinto Special Economic Zone for pharmaceutical and medical equipment production, while the remaining 26 will operate across the Bole and Kilinto corridors. According to IPDC Deputy CEO Fitsum Ketema, the package is designed to ease upfront capital pressures facing domestic investors. The fiscal support includes waived security deposits, removal of advance payments, and full rent exemption for the first four years, followed by a 40pc discount in the fifth year. The IPDC, which manages 14 industrial parks nationwide, says it plans to extend the model to other regional hubs as part of a broader push to attract local manufacturing investment.
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