India, Egypt should find ways to enhance trade ties

India has invited Egyptian businesses to invest in the country saying the two sides enjoying very strong political and cultural ties should now work out ways to enhance two-way investments and trade.

"India and Egypt have been very strong and old partners in politics and culture. Today it is the world of economics and so I believe that it is very necessary for us to work more closely in the economic field to increase investments in both ways," said India's Ambassador to Egypt Sanjay Bhattacharyya on the sidelines of an economic seminar entitled "Make in India" organised here yesterday as part of the two-week cultural festival "India by the Nile".

The seminar construes the flagship programme 'Make in India' which aims to transform India into a global design and manufacturing hub of innovative, low cost, eco friendly and zero defect products and to develop synergies with Egyptian industry.

"Today we receive the largest amount of investments anywhere in the world and that's because of the systems that had been created," he added.

India launched the Make in India programme in 2014, which quickly became a rallying cry for India's innumerable stakeholders and partners.