Trade exchange between Egypt, India hits $4.5B

CAIRO – 21 October 2019: Trade Exchange between Egypt and India hit $4.5 billion by the end of 2018, according to Minister of Trade and Industry Amr Nassar.

Nassar added Monday that India's investments in the Egyptian market amounted to $3.3 billion through 50 projects operating in the fields of manufacturing, construction, agriculture, garments, auto parts, chemicals, food industries, services, pharmaceuticals, plastics, energy and renewable energy.

This came during a meeting held by Nassar, with Rahul Kulshreshth, the Indian ambassador in Cairo.

Nassar pointed out the importance of boosting trade exchange rates between the two countries to upgrade the distinguished political relations that have bound Egypt and India for decades.