Egypt-India trade exchange records $3.6 bln

The volume of trade exchange between Egypt and India has registered  $3.6 billion, according to Mohamed El Sewedy Chairman of the Federation of industries.

India ranked seventh in terms of  the volume of trade exchange between Egypt and other countries,  he added.

He made these comments during his meeting with the Indian Ambassador to Egypt, Sanjay Bhattacharyya  to promote relations between Egypt and India, and gives an overview of current economic developments and opportunities for further cooperation between the two countries.

“We will discuss measures and steps necessary to increase trade and investment exchange between the two countries with the Indian Ambassdor،” said El Sewedy.

” The Indian investments in Egypt reached $3 billion through 50 companies operating in various fields” Bhattacharyya added.