Egypt-India trade exchange reaches $4.1bln in 11M 2022

Minister of Trade and Industry Ahmed Samir said that the non-oil trade exchange between Egypt and India amounted to about $4.1bn in the first 11 months of 2022, of which $723m were Egyptian exports.

Minister Samir met India’s ambassador to Cairo Ajit Gupte on Saturday to discuss aspects of joint economic cooperation between the two countries, and how to benefit from the great economic potential in both nations and translate them into tangible cooperation projects.

Samir said that the value of Indian investments in Egypt amounted to $3.2bn in 52 projects in the fields of chemicals, carbon, packaging, food products and tourism, stressing the importance of building on the strategic bilateral relations that bind the two countries in strengthening the frameworks of joint economic, commercial and industrial cooperation between Egypt and India in a way that supports Economic development plans and efforts in both countries.