Vinod Bahade, chargé d’affaires at the Embassy of India in Egypt, told DNE that a new Indian ambassador, Rahul Kulshreshth, will assume his duties soon, while Sanjay Bhattacharyya, the previous ambassador, will be the new ambassador of India to Turkey. Bahade added that an Egyptian business delegation from the Federation of Egyptian Industries (FEI) and Egyptian Business Association (EBA) will visit India by the end of 2018 to meet the Indian business community and visit industrial sites. On their return to India, they expressed their keen interest in starting business with Egyptian business partners and possibilities of initiating investments in the country,” said Bahade. Bahade said he expects a high-level delegation from India’s IT sector to visit Egypt to reinforce the cooperation between both countries, as information technology is a fast-growing area. He added that Indian investments in Egypt currently stand at over $3bn, spanning diverse sectors with more than 50 Indian companies in manufacturing and construction, adding that more than 400 Indian companies trade with Egypt through representative offices and agents.

Source: Daily News Egypt May 29, 2018 19:23 UTC