Industrial Parks Development (IPDC) Corporation signed agreements with ten local companies with a capital of more than 8.2 billion Birr to allow them to operate in the industrial parks.

CEO of the IPDC Aklilu Tadese and the representatives of the ten companies signed the agreement.

During the signing ceremony, the CEO said that the Corporation is doing lots of activities to strengthen the manufacturing sector in the country.

The agreement which is aimed at increasing the engagement of the private sector in the IPDC and encouraging local companies is a priority, he elaborated.

Moreover, the CEO added that the companies that have signed the agreement to operate in IPDC will contribute greatly in creating job opportunities for many citizens.

Five of the ten companies which signed the agreement are engaged in pharmaceuticals, which will help the country to reduce its foreign currency spending for importing pharmaceuticals, it was indicated.

Source: Ethiopian News Agency

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