Indian investments in Egypt exceed USD 2.5 bn: Ambassador

India has now become Egypt's seventh largest trading partner and the value of Indian-owned facilities in the country exceeds USD 2.5 billion, giving direct or indirect employment to at least 35,000 Egyptians.

India's Ambassador to Egypt Naveen Suri said that the trade between India and Egypt has also grown at an impressive rate during the last couple of years, moving from USD 2.46 billion in 2008-2009 to USD 4.34 billion in 2011-2012.

It is also significant that Egyptian exports to India during this period more than doubled from USD 1.17 billion to USD 2.3 billion, giving Egypt a small trade surplus with India, the Ambassador added.

"Equally important, India is now Egypt's seventh largest trading partner and the second largest market for Egyptian exports," said Suri.