Industry Minister: Egypt eyes boosting Indian investments in auto, textile sectors

The Egyptian government targets boosting Indian investments in auto components and textiles sectors besides making use of Indian expertise in such fields within the coming period.

Egypt’s Trade and Industry Minister Tarek Qabil stated Friday that the meeting of President Abdel Fattah al- Sisi with India-Egypt Business Council was positive as he was very honest while discussing investment opportunities available for Indian investors in Egypt.

Qabil pointed out that Egypt and India aim at boosting mutual trade exchange volume that recorded around US$5 billion in 2014 and US$3.8 billion in 2015.

The minister pointed out that Egyptian industry ministry is keen on removing all obstacles that face Indian investments in Egypt.