Cairo, February 13, 2017.
A 17-member business delegation from the Confederation of Indian Industries (CII) seeking to enhance India’s trade ties with Egypt visited Cairo recently. The delegation led by Ajit Gupte, Joint Secretary, Development Partnership Administration (DPA1) visited Egypt to participate in a seminar to scout investment opportunities in the country.
The delegation members were drawn from various sectors including agri-business, infrastructure, chemicals, power, food industry and business services. During their visit, the delegation met with several Egyptian Ministers including Minister of Trade and Industry, Minister of Petroleum and Minister of Transport along with senior officials from General Authorities for Investment and Free Zones (GAFI) and Suez Canal Economic Zone Authority. The delegation also attended India-Egypt Business Seminar jointly organized by CII and Federation of Egyptian Industries (FEI).
The seminar deliberated upon various trade and investment opportunities between India and Egypt. US Congress Delegation visits Egypt Egypt’s FM met wit Jordanian King Abdullah II to hand over message from President Al Sisi Indian Business Delegation visits Egypt During their meeting with Egypt’s Minister of Trade and Industry, the Indian entrepreneurs said that they are optimistic about the long-term potential in Egypt and look forward to mutually beneficial win-win collaborations.
They also highlighted that India has a significant economic presence in Egypt with over 50 companies and joint ventures and an investment exceeding USD 3 billion. On the other hand, the meeting with the Egyptian Minister of Transport focused on means of cooperation in this sector as the Minister presented investment opportunities in the mega projects of developing the ports of Damietta, Alexandria, Dekheila, Safaga and Sharm El-Sheikh. He added that Egypt will set up several logistical zones to support transportation in these ports.