Sun Pharma opens first production unit in Egypt

Sun Pharma’s first production unit in Egypt involving a total investment of USD 12.5 million has been inaugurated, signalling growing bussines ties between India and the key Middle East nation.

India’s Ambassador to Egypt Sanjay Bhattacharyya inaugurated Sun Pharma’s Egypt factory in 6th October City, the first facility of the company in Egypt. “This is a particularly proud moment for us to raise the flag of India next to the flag of Egypt and that of Sun Pharma,” Ambassador Bhattacharyya said during the inauguration on Monday.

The Ambassador added that India and Egypt share a partnership that goes back to millennia and in recent time both countries have seen a new partnership in a new era. “President Abdel Fattah el-Sisi and Prime Minister Narendra Modi announced a joint statement (last year) in which they established this new partnership,” he explained.

“We have seen over the years that Indian investments had continued to come to Egypt because India believes in the long term prospects of Egypt,” the Ambassador added.