A delegation from the Engineering Export Promotion Council of India (EEPC India), comprising of around 10 Indian automobile components’ companies, is participating in the Autotech 2018 exhibition, which will be held at Cairo International Convention Centre from 14-16 December 2018, according to a Wednesday statement. The Indian companies will showcase India’s original equipment manufacturers’ (OEM) capabilities at the ‘Autotech 2018’ exposition, explore Egyptian and North African markets, and identify areas of mutual cooperation, said the statement. The Indian auto-components industry is set to become the third largest in the world by 2025, noted the statement, adding that the exports from this sector grew by 23% in the fiscal year (FY) 2017/18. Exports of these products are likely to range between from $80bn to $100 bn by 2026. India is Egypt’s 10th largest trading partner, 7th largest importer of Egyptian goods and the 11th largest exporter to Egypt, affirmed the statement.

Source: Daily News Egypt December 12, 2018 17:15 UTC