Translated by Sama Marwan,
During a meeting with the Minister of Investment and Foreign Trade, Engineer Hassan El-Khatib, members of the Egyptian-Indian Investment Council reviewed the extent of official delegations’ exchange visits between Egypt and India, which resulted in increased trade exchange between the two countries.
They also discussed the expansion of several Indian companies in Egypt in important sectors such as chemical industries and plastic waste recycling.
Additionally, several Indian companies intend to enter the Egyptian market in vital areas such as new energy, green hydrogen, engineering industries, telecommunications, and information technology.
The council has adopted an investment initiative for 2027 that aims to increase Indian investment in Egypt to $5 billion.
The council’s recommendations to strengthen relations with India include cooperating with the ministry to potentially hold an annual investment conference in Egypt and India.
Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, confirmed that the government is witnessing a positive change aimed at supporting investment for export through a system of cooperation between different government entities and relevant ministries.
He pointed out that the drive for positive change is part of the state’s plan.
He noted that the challenges faced by the Egyptian economy in recent years are being addressed with a clear vision to attract more investments by facilitating the investment process, as well as having strong financial policies and maximizing the use of state assets.
This came during the minister’s meeting with the members of the Egyptian-Indian Business Council.
The Minister of Investment and Foreign Trade stated that coordination is underway between the relevant ministries to prepare comprehensive files on land, energy, and the necessary procedures for establishing projects to be studied and presented to the Supreme Council for Investment and the relevant state authorities to remove any obstacles to investment and trade if they exist.
Members of the Egyptian-Indian Council during the meeting pointed to a group of important industrial sectors in Egypt such as chemical industries, fertilizers, pharmaceutical industries, as well as leather, glass, automotive, and agriculture-based industries.
They discussed the most prominent challenges they face, as well as the importance of increasing the number of vocational institutes to train the Egyptian workforce required for industries, especially engineering and electronics.
