30 Indian firms show interest to invest in Egyptian sectors

Around 30 Indian companies expressed their interest on Thursday in investing in Egypt in a number of different fields.

These sector include textiles, petroleum, natural gas, hospitality, pharmaceuticals, vaccines, and green ammonia production, a ministerial statement said.

This came during a meeting between Egypt’s Prime Minister Mostafa Madbouly and representatives of 30 Indian firms on the sidelines of the India Egypt Business Meet.

A number of Indian companies showed interest in importing liquefied natural gas (LNG) from Egypt as part of their investments.

Some Indian banks conveyed their interest to fund the Egyptian-Indian joint projects whether in Egypt or India.