He added that more than 450 Indian companies are registered in Egypt, with a total investment of over $3.40bn. In 2023, five Indian companies invested in Egypt in sectors like PET resin manufacturing, FMCG goods, cylinder manufacturing, medical equipment, and chemical stabilizers. The Indian companies expressed interest in sectors like medical devices, pharmaceuticals, automobiles, e-vehicles, consultancy and IT services. Indian companies also participated in various trade fairs in Egypt under the auspices of Export Promotion Councils. About 116 Indian companies took part in 9 trade fairs in different sectors in Egypt from April to December 2023.

Source: Daily News Egypt February 13, 2024 08:24 UTC