Investment Minister: We aim to increase Egyptian exports to India, attract more Indian investments

Egypt and India are actively working to elevate their growing strategic relationship into robust productive and investment partnerships, with a clear focus on increasing Egyptian exports to India and attracting greater Indian investment into Egypt. This initiative was a key topic during a meeting between Egypt's Minister of Investment and Foreign Trade, Mohamed Farid Saleh, and India's Minister of Commerce and Industry, Piyush Goyal, on the sidelines of the 16th BRICS Trade Ministers’ Meeting in Jaipur.

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Egypt and India are linked by growing strategic relations, noting efforts to upgrade these ties into productive and investment partnerships, increase Egyptian exports to the Indian market, and attract more Indian investments to Egypt.

The discussions centered on enhancing economic, trade, and investment relations, emphasizing coordination within the BRICS framework. Both ministers explored avenues for strengthening cooperation in trade facilitation, investment promotion, and technology transfer. Egypt expressed keen interest in integrating further with Indian companies and encouraging new productive partnerships, leveraging its strategic location and extensive trade agreements to attract Indian businesses.

To further these goals, the Egyptian minister extended an invitation to his Indian counterpart to visit Egypt. The proposed visit aims to organize an Egyptian-Indian Business Forum, providing a platform to showcase available investment opportunities and joint projects. Additionally, both sides agreed on the importance of expediting the seventh session of the Joint Egyptian-Indian Trade Committee in Cairo in 2026 to follow up on cooperation and address trade and investment obstacles.

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Farid stressed Egypt’s keenness to continue coordination with India within the BRICS framework and strengthen cooperation in trade facilitation, investment promotion, and technology transfer, in a way that contributes to expanding the scope of economic partnership between the two countries.

Specific areas of cooperation were also identified, including the establishment of an Indian industrial zone within Egypt's Suez Canal Economic Zone and collaboration in pharmaceutical manufacturing, particularly oncology and immunosuppressive drugs. The fertilizer industry was also highlighted for potential joint ventures focused on technology transfer and value-added production. Bilateral trade figures show a total trade of approximately $4.18 billion in 2025, with Egypt seeking to balance a trade deficit in India's favor.

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The minister invited India’s Minister of Commerce and Industry to visit Egypt in the coming period at the head of a business delegation, with the aim of organizing an Egyptian-Indian Business Forum and showcasing available investment opportunities and joint projects in both countries.