Egypt and India have cultivated robust economic ties for many years, yet significant opportunities remain to be explored. Forming new partnerships marks a strategic milestone in their evolving relationship, characterized by remarkable growth in trade and investment.

Minister of Investment and Foreign Trade Hassan El-Khatib has met with Indian External Affairs Minister Subrahmanyam Jaishankar to mull ways to bolster economic and trade ties between Egypt and India.

Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and Indian Minister of Industry and Supply Piyush Goyal agreed to boost trade exchange between Egypt and India to $12 billion over the next five years.

India-based energy transmission and cable manufacturing firm Sterlite Power is seeking to develop an electricity grid for green hydrogen projects in Egypt with investments ranging between $5 and $6 billion.

Hassan El-Khatib and India-based Tata Chemicals Ltd explored opportunities to expand investments in Egypt

India-based chemicals manufacturer TCI Sanmar is intending to invest an additional $300 million in Egypt over the coming period, bringing its total investments in the country to nearly $2 billion.

Minister of Investment and Foreign Trade Hassan El-Khatib reviewed ways to enhance investment and trade cooperation between Egypt and India

Minister of Investment and Foreign Trade Hassan El-Khatib and a delegation from India-based conglomerate company Lulu Group International discussed investment opportunities in the Egyptian market

Eight Indian companies are looking to invest nearly $1 billion in Egypt by 2025.

Several Indian companies have shown interest in investing in the Egyptian industries of fertilizers, green hydrogen, and food, as per a statement by the General Authority for Investment and Free Zones (GAFI).

Indian and Chinese investment partnerships with the General Authority for Suez Canal Economic Zone (SCZONE) made up 45% of the authority’s total contracts over the past period, SCZONE’s Chairman Waleid Gamal El-Dein stated.

Egypt, embodied in Telecom Egypt and the Information Technology Industry Development Agency (ITIDA), has signed a memorandum of understanding (MoU) with the Indian network firm TEJAS.

Egypt is targeting luring $1 billion in Indian investments in 2024, Head of the Egyptian Commercial Service (ECS) Yahia Al-Watheq Bellah stated.

The Egyptian Information Technology Institute (ITI) has signed a memorandum of understanding (MoU) with India’s National Institute of Electronics and Information Technology (NIELIT) to cooperate in the field of digital capacity building.

The Sovereign Fund of Egypt (TSFE) and the India-based Hinduja Group has probed establishing an automotive factory in Egypt, in cooperation with El Nasr Automotive Manufacturing Company.

The Egyptian Chemical Industries (KIMA) has received a delegation from India’s ICON to prepare the technical studies needed for the rehabilitation of the former’s porous ammonium nitrate production line.

Egypt-based El Nasr Mining Company and Al Safy Group have signed a partnership agreement with the Indian fertilizers and raw materials producer Wilson to establish a firm specialized in setting up and operating a raw phosphate production factory in Egypt.

The Egyptian General Authority for Supply Commodities (GASC) has launched a tender to import white wholly milled short-grain Indian rice for the Holding Company for Food Industries.