Egypt to boost economic cooperation with India

Egypt is keen on boosting economic cooperation with India specially in developing small and medium enterprises. A senior Egyptian Minister yesterday said in Cairo India is Egypt’s 10th largest export destination and also the 10th largest import source.

Minister of Trade and Industry Tarek Kabil said there are possibilities to enhance bilateral cooperation in key areas like automotive industry, textile and leather products. His remarks came during a meeting with Tamil Nadu’s Minister of Rural Industries P. Benjamin who is in Cairo leading the Indian delegation participating in the MACTECH Fair, concluding today, in the Cairo International Convention Centre.

India’s Ambassador to Egypt Sanjay Bhattacharyya said that both the sides discussed possibilities of technology and investment cooperation in textiles and leather sectors. Mr. Bhattacharyya said, India’s participation with 50 companies at MACTECH Fair was with the objective of showcasing our strengths in engineering and capital goods.

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