Industry Ministry Calls On Indian Companies To Invest In Technology Valley
Egyptian Minister of Industry and Foreign Trade, Eng. Hatem Saleh, Indian ambassador to Cairo Navdeep Suri and a delegation of businessmen, the Confederation of Indian Industry (CII), discussed the future of the economic relations between the two countries in the coming period. The meeting reviewed the ways of enhancing the joint cooperation between Egypt and India in the fields of investments, training, and transferring the Indian technology to the Egyptian industry.
The minister stressed on the depth of bilateral relations between Egypt and India; referring that India is one of important economic partners to Egypt, and the coming period will witness talks between the two sides over forming an Egyptian Indian Business Council like the other successful councils.
Saleh added that Egypt has overcame the hard period and started a new one requires more work and cooperation; pointing to establishing more Egyptian-Indian joint ventures in the fields of the renewable energy and information technology.
The two sides discussed the possibility of establishing more Indian training centers in Egypt to transfer the Indian industrial experiences to the Egyptian industries and providing more employment.
Eng. Hatem Saleh referred to the significance of increasing the Indian technical support to the Egyptian industry, especially in the field of chemical industries. He pointed to the possibility of establishing more joint ventures between Egypt and India and making use of the incentives provided in Technology Valley, West Ismailia; especially in the field of renewable energy and using white sand in Sinai to produce solar cells.
On his part, the Indian ambassador to Cairo Navdeep Suri emphasized that Egypt is a pivotal in the Middle East region and it attracts foreign investments. He mentioned that the Indian investments haven’t been affected by the Egyptian revolution but 7 new factories increased. Suri referred to the continuity of all the Indian projects in Egypt. He lauded the role of the Egyptian government in supporting the foreign investors after the revolution.
