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Muhammed El-Naghy is a journalist.
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Egypt-India trade reaches $4.53bn in FY20 despite COVID-19: Ambassador Kulshreshth
The article discusses the trade relationship between India and Egypt, highlighting that despite the COVID-19 disruptions, trade exchange reached $4.53 billion during India's fiscal year 2019/20. Ambassador of India to Cairo, Rahul Kulshreshth, remains optimistic about future trade prospects. Egypt is one of India's key trading partners in Africa, with trade increasing over recent years. Indian investments in Egypt are significant, spanning various sectors, and are expected to increase. Over 50 Indian companies operate in Egypt, providing substantial employment. Challenges for further investment include the need for streamlined procedures and better information about Egypt's reforms. Egyptian investments in India are also present but on a smaller scale. The article also touches on tourism, development projects, and technical cooperation between the two nations. The Indian Embassy in Cairo plans to continue promoting bilateral relations post-pandemic.
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