Egypt, Qatar intensify coordination as Gaza crisis worsens    Egypt prepares governmental talks with Germany to boost economic cooperation    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    IWG accelerates Egypt expansion, plans 30 new flexible workspace centres in 2026    Grand Egyptian Museum fuels hospitality, real estate expansion in West Cairo    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt touts North Coast as investment magnet after $29.7b Qatar deal – FinMin    URGENT: Egypt's net FX reserves hit $50b in October – CBE    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



India to participate in Egypt Economic Conference This Week
Amwal Al Ghad Published in Amwal Al Ghad on 10 - 03 - 2015

A large business delegation from India will participate in Egypt's economic conference this week to explore opportunities in the most populous Arab country.
India's Ambassador to Egypt Navdeep Suri will lead around 43 people, comprising representatives from 25 Indian companies in addition to a delegation from the Confederation of Indian Industry ( CII) for the Economic Development Conference (EEDC) scheduled for March 13-15 in Sharm el-Sheikh city.
The representation will cut across sectors and will include the petro-chemicals giant TCI Sanmar, the Egyptian Indian Polyester Company (EIPET), Tata Sons, Kirloskar Brothers Ltd, Ranbaxy Pharmaceuticals, Galaxy Chemicals, Essel Propack and Olam International, among others.
The companies include those that already have a presence in Egypt as well as those looking for investment opportunities such as Maruti Suzuki, Godrej consumer products, Aptech, and Shapoorji & Pallonji etc.
Indian companies are keenly interested in exploring opportunities in renewable energy, Information Technology, Engineering, Automobiles, Irrigation, Petrochemicals etc.
Expressing his commitment to strengthening relations with Egypt, Prime Minister Narendra Modi had congratulated President Abdel Fattah el-Sisi in organising the conference in a message on February 7.
He said: "India attaches high importance to relations with Egypt. Our two countries enjoy close and friendly relations, which have been further bolstered by our growing trade and investment ties in recent years.
"I am sure that the Conference will attract participation from a large number of Indian companies, which will lay the foundation for further enhancement in our bilateral economic relations."
India and Egypt have a strong economic relationship that has grown despite the global economic downturn.
Between 2008-09 till 2012-13, bilateral trade grew by 30 per cent and now stands at close to USD 5 billion.
India is Egypt's sixth largest trading partner overall, the 2nd largest export destination for Egypt and the 11th largest source of imports.
Principal export times from India to Egypt include mineral fuels, automobile parts, meat and meat products, electrical and machinery products, and cotton while India imports crude oil, rock phosphate, cotton, chemicals and oil seed.
Source: Economic Times

Clic here to read the story from its source.