Egypt is stepping up efforts to attract new Indian industrial investments and expand the presence of Indian companies in its manufacturing sector, with a focus on technology transfer, increasing local content, developing domestic supply chains, and positioning Egypt as a production and export hub for African and Middle Eastern markets.
Industry Minister Khaled Hashem made the remarks during a meeting with representatives of major Indian companies and members of the Federation of Indian Chambers of Commerce and Industry (FICCI) in Jaipur, following his participation in the BRICS Industry Ministers’ Meeting.
The meeting was attended by Investment and Foreign Trade Minister Mohamed Farid, Egypt’s Ambassador to India Kamel Galal, Assistant Minister of Industry for International Cooperation Ahmed Moghrawy, and representatives of Egyptian companies operating in the leather, packaging, food, and chemical industries.
Hashem said the strong political relations between Egypt and India provide a solid foundation for expanding economic cooperation, noting that the current level of bilateral investments and industrial partnerships remains below the two countries’ potential.
He added that Egypt is seeking to move bilateral economic relations beyond trade by encouraging Indian companies to establish manufacturing facilities in the country, transfer technology, strengthen local supply chains, and use Egypt as a regional production and export base.
The minister stressed that the private sector should lead this expansion, while the government will continue to facilitate investment, address regulatory and operational challenges, connect Indian companies with Egyptian partners, and provide information on industrial land, energy availability, and investment opportunities.
Indian companies explore investment opportunities
The meeting brought together representatives of TCI Sanmar, SVC Industries, Ocior, Sterlite, ITC, and Reliance Industries to discuss potential investments and expansion opportunities across several strategic sectors.
Hashem highlighted the success of existing Indian investments in Egypt, particularly TCI Sanmar’s operations in the chemicals industry, as a model demonstrating the potential for Indian manufacturers to serve both the domestic market and export destinations from Egypt.
Discussions covered prospective projects in food processing, strategic grain storage, consumer goods, infrastructure, energy, and industrial services.
The two sides also explored opportunities related to Ocior’s green hydrogen and green ammonia projects, as well as potential cooperation with Sterlite in electricity transmission networks and related energy infrastructure.
Hashem noted that such partnerships could support Egypt’s plans to expand renewable energy generation and strengthen electricity transmission links between new power-generation projects and industrial zones.
The meeting also examined opportunities to develop integrated agricultural, food-processing, storage, and logistics projects, including potential cooperation with companies such as ITC and SVC Industries.
Potential investments by Reliance Industries were also discussed, particularly in food industries and consumer goods, with the possibility of expanding cooperation into the energy, petrochemicals, and industrial materials sectors.
Egypt establishes follow-up mechanism for Indian investments
Hashem said the Ministry of Industry will establish a project-specific follow-up mechanism to monitor the investment opportunities discussed during the meeting by identifying each project’s requirements, the responsible government authority, the actions needed, and a clear implementation timeline.
He said the mechanism is intended to accelerate investment decisions and help move projects from preliminary discussions to implementation.
The ministry will also continue working with Indian companies already operating in Egypt to identify expansion opportunities and increase local value added. At the same time, companies considering entering the Egyptian market will receive support in identifying suitable investment opportunities, industrial locations, local partners, and appropriate investment structures.
Hashem added that Egypt will continue coordinating with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Egyptian-Indian Business Council to identify additional Indian companies, organise sector-specific business meetings, and connect prospective investors with Egyptian manufacturers and suppliers.
He noted that the success of these efforts will be measured by the number of investments that move into implementation, the expansion of existing Indian companies, the transfer of technology to Egypt, growth in local content, and the export potential generated by new industrial projects.
The minister said Egypt’s objective is to move beyond a traditional trade relationship and build integrated investment, manufacturing, and supply chain networks that combine Indian industrial and technological capabilities with Egypt’s manufacturing base and strategic access to regional and international markets.
