India hopes Egypt will offer favourable business environment

India today hoped that Egypt will offer a transparent and predictable regulatory regime for businesses to attract potential Indian investors.

"In trade, we are the second largest destination of global exports from Egypt but this can be increased significantly as can our exports to Egypt," External Affairs Minister Sushma Swaraj said in an address to a group of strategic thinkers and policymakers at the Diplomatic Club here.

Indian investments in Egypt is touching $3 bn in over 50 Indian ventures. And the bilateral trade volume stood at about $5 billion.

She hoped Egyptian authorities would be ready to create a favourable business environment to attract potential investors from India and offer a transparent and predictable regulatory environment.