By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    blinx: New digital media hub for Middle East’s youth
    blinx: New digital media hub for Middle East’s youth
    September 24, 2023
    ADNOC Distribution launches first ADNOC service stations in Egypt
    ADNOC Distribution launches first ADNOC service stations in Egypt
    September 24, 2023
    Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
    Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
    September 24, 2023
    Shell, KUFPEC partner to explore Egypt's Mediterranean Block 3
    Shell, KUFPEC partner to explore Egypt’s Mediterranean Block 3
    September 24, 2023
    Food Export Council holds symposium on challenges of food exports to EU, US
    Food Export Council holds symposium on challenges of food exports to EU, US
    September 24, 2023
  • Politics
    PoliticsShow More
    Egypt, India affirm their strategic partnership, discuss regional issues
    Egypt, India affirm their strategic partnership, discuss regional issues
    September 24, 2023
    Pope Francis denounces ‘invasion’ rhetoric on migrants
    Pope Francis denounces ‘invasion’ rhetoric on migrants
    September 24, 2023
    Sudanese leader Al-Burhan denounces RSF commander’s letter to UN
    Sudanese leader Al-Burhan denounces RSF commander’s letter to UN
    September 24, 2023
    Egypt, Greece, and Cyprus stress coordination on gas, regional issues
    Egypt, Greece, and Cyprus stress coordination on gas, regional issues
    September 23, 2023
    CCCPA, African Union train officials on ‘Climate Responsive Programming for Sustaining Peace’
    CCCPA, African Union train officials on ‘Climate Responsive Programming for Sustaining Peace’
    September 22, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: India adopts strategy to increase its investments in Egypt to $5bn
Share
Notification
Latest News
Egypt, India affirm their strategic partnership, discuss regional issues
Egypt, India affirm their strategic partnership, discuss regional issues
Politics Egypt
Pope Francis denounces ‘invasion’ rhetoric on migrants
Pope Francis denounces ‘invasion’ rhetoric on migrants
Politics World
blinx: New digital media hub for Middle East’s youth
blinx: New digital media hub for Middle East’s youth
Business
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
Culture
ADNOC Distribution launches first ADNOC service stations in Egypt
ADNOC Distribution launches first ADNOC service stations in Egypt
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > India adopts strategy to increase its investments in Egypt to $5bn
Business

India adopts strategy to increase its investments in Egypt to $5bn

Hagar Omran
Last updated: 2019/03/12 at 7:42 PM
By Hagar Omran 3 Min Read
Share
SHARE

India adopts a new strategy to push up its investments in Egypt to about $5bn in the coming period, versus about $3bn now through 50 companies, Indian ambassador to Egypt, Rahul Kulshreshth, said.

India is keen to boost its investments in Egypt, asserted the ambassador, noting that the Egyptian authorities scored great success at the economic level in the past period which promoted the Egyptian economic growth rate.

It came during the India-Egypt Business Seminar organised by the embassy of India in Cairo, in association with Invest India agency, during the India by the Nile festival.

A high-profile delegation from Invest India, led by its Managing Director and CEO, Deepak Bagla, is visiting Egypt currently to address a couple of seminars in Cairo and Alexandria, and to meet the Egyptian businesspersons and investors from Federation of Egyptian Industries, Egyptian Businessmen Association, Egypt-India Business Council, Cairo Chamber of Commerce, and Egyptian Junior Business Association.

Bagla met with representatives from Alexandria Chamber of Commerce and Alexandria Business Association. The seminars focused on the current status of bilateral trade, investment, and potential areas for investment in the context of various flagship programmes of India, including Make in India, Digital India, Skill India, Startup India, and Smart City Mission.

Egyptian investors and the business community will be updated about policies and initiatives taken by the government of India to promote investments in India.

During its visit, the Invest India delegation met with senior executives and members of General Authority for Investment and several Egyptian companies. 

Egypt has traditionally been one of India’s most important trading partners in the Arab-African region, said the ambassador, noting that during the fiscal year (FY) 2017/18, trade exchange between India and Egypt was estimated at $3.68bn.

On year-over-year basis, Indian exports to Egypt increased by 15.5% in FY 2017/18, whereas Indian imports from Egypt also increased by 11.3%, Kulshreshth added.

During the period from April to December 2018, trade exchange between Egypt and India reached $3.55bn. India is Egypt’s 10th largest export destination and also the 10th largest import source for Egypt, he mentioned.

The Indian ambassador said that his country is expected to be the third biggest economy worldwide by 2030, which would reflect big investment opportunities in India in the coming period.

You Might Also Like

Egypt, India affirm their strategic partnership, discuss regional issues

blinx: New digital media hub for Middle East’s youth

ADNOC Distribution launches first ADNOC service stations in Egypt

Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports

Shell, KUFPEC partner to explore Egypt’s Mediterranean Block 3

TAGGED: india, Indian ambassador to Egypt, Rahul Kulshreshth
Share this Article
Facebook Twitter Email Print
Previous Article Egypt’s trade deficit increases by 14.1% in December 2018
Next Article Algebra Ventures, Ezdehar to invest in loyalty solutions provider Dsquares
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt, India affirm their strategic partnership, discuss regional issues
Egypt, India affirm their strategic partnership, discuss regional issues
Politics Egypt
Pope Francis denounces ‘invasion’ rhetoric on migrants
Pope Francis denounces ‘invasion’ rhetoric on migrants
Politics World
blinx: New digital media hub for Middle East’s youth
blinx: New digital media hub for Middle East’s youth
Business
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
Culture
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?