Egypt, India trade volume hit $1.42 bln: minister

The trade volume between Egypt and India has witnessed a remarkable development during the last period registering $1.421 billion between January and May 2017 according to the Minister of Industry and trade Tarek Qabil.

In addition Egypt-India volume of trade during the same period last year recorded $1.27 billion with increase rate of 11.8 percent.

The minister has made these comments during his meeting with P.Benjamin Minister of Micro , Small and Medium Enterprises Department at the Government of Tamil Nadu, who is visiting Cairo with a delegation  comprising representatives of 50 Indian leading companies  working in the manufacture of operating machinery and technology machines.

The delegation is participating in the MACTECH Fair in the Cairo International Convention Centre from November 16-19.

MACTECH is the picture-perfect event for metal forming, machine tools, industrial tools, welding and cutting equipment technology makers; providing widespread competition array, constant business opportunities, far-reaching media coverage and cross-industry technology transfer.

Minister of Trade and Industry Tarek Kabil added that there are possibilities to enhance bilateral cooperation in key areas like automotive industry, textile and leather products.

Egypt has traditionally been one of India’s most important trading partners in the African continent.