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India - Egypt Economic & Commercial Relations

        Egypt has been traditionally one of India’s most important trading partners in the African continent. The India-Egypt Bilateral Trade Agreement has been in operation since March 1978 and is based on the Most Favoured Nation clause and our bilateral trade has increased more than five times in last ten years. According to Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), India is Egypt’s 11th largest trading partner in 2016-17. It is the 10th largest importer of Egyptian goods and 10th exporter to Egypt for the same duration.

2.      The bilateral trade volume between the two countries had shown consecutive positive growth from 2005-06 to 2012-13, taking the trade from US$ 1.2 billion to its peak of US$ 5.45 billion. However, starting from 2013-14 the trade volume has gradually declined from US$ 4.95 billion to US$ 4.77 billion in 2014-15 and to US$ 3.23 billion in 2016-17.

3.    Compared to last year Indian exports decreased by 11.3% in 2016-17, however the decrease was by 22.7% in 2015-16. Whereas Indian imports from Egypt decreased by 5% in 2016-17 compared to a 30% decrease in 2015-16, resulting in the positive trade balance for India by US$ 910 million.

4.     Bilateral trade figures in USD million for the last ten years are given below:

Fiscal Financial Year

April - March

Total Exports to Egypt

Total Imports from Egypt

Total Trade

Trade Balance

2006 – 07




(-) 976

2007 – 08




(-) 586

2008 – 09




(-) 421

2009 – 10




(-) 288

2010 - 11




(+) 627

2011 – 12




(-) 580

2012 – 13




(+) 343

2013 - 14





2014 - 15




(+) 1,28

2015 – 16




(+) 1,11

2016 – 17




(+) 910

Source: DGCIS of INDIA

   I.   India’s Exports to Egypt

India's top exported items to Egypt for 2016-17 were; Meat of Bovine Animals (14.5% out of total exports to Egypt), Cotton Yarn (6.2%), Petroleum Oil (5.6%) and Motor Cars (4.6%).


 II.   India’s Imports from Egypt

India's top imported items from Egypt for 2016-17 were; Petroleum (63.67% of total imports), Natural Calcium Phosphates (13%), Raw Cotton (4.7%), Mineral Or Chemical Fertilizers (3.1%), and Citrus (2.3%).




Indian Investments in Egypt:

The Indian companies are operating in almost all fields like textiles and garments, power, chemicals including specialty chemicals, adhesives, pharmaceuticals, information technology, paints, consumer goods, healthcare, PVC, caustic soda, PET Resin, plastics, paper, packaging, auto and auto-component. Out of the 50 Indian companies operating in Egypt with a combined investment of roughly US$ 3 billion, approximately 25 companies are joint ventures and wholly owned Indian subsidiaries. The rest of the Indian companies operate in Egypt through their representative offices and execute various projects for Governmental organizations.

Major Indian investments in Egypt include TCI Sanmar (with a value of US$ 1.3 billion and announced the start of a new production line worth of US$ 280 million), Alexandria Carbon Black, Dabur India's production facility for its cosmetics line, Egypt-India Polyester Company (EIPET) for manufacture of PET Resin, Asian Paints, etc.

Many Indian companies – KEC International, Kalpataru Power Transmission, Dee Developers, Jyoti Structures Ltd. – are working in several energy projects in Egypt.  Shapoorji Pallonji Infrastructure Capital is the latest addition to this group and currently working on 200 MW solar project. An Indian Joint Venture Pharmed Healthcare launched a new factory for manufacturing Hetrosvir, a drug used in treatment of Hepatitis C. Lulu Group of Companies, which is best known for its chain of 120 Lulu Hypermarkets and Shopping Malls is one of the leading importers, wholesalers and retailers of all kinds of consumer items with a world-wide business network, opened its first Lulu Hypermarket in Egypt in December 2015 with an investment of US$ 50 million. Indian companies are providing direct and indirect employment to approximately 35,000 Egyptians.   The direct employment generated by Indian companies is more than 21,200 and indirect employment more than 13,500.  The top 5 Indian companies most of them are labour intensive (textile industry alone providing direct employment to more than 12,800 Egyptians).


Egyptian Investments in India:

Investment by Egyptian companies in India is about US$ 60 million for manufacture of Electric meters by El Sewedy group in Noida, Uttar Pradesh in 2013.  Another Egyptian company KAPCI Coatings which set up their manufacturing plant in Bangalore to produce car paints with an investment of US $ 20 million. A third company is Modern Waterproofing Group is a multinational group of companies that is engaged in manufacturing a wide range of products for the construction industry, the products cover a wide range of high quality bituminous torch-applied and self-adhesive waterproofing membranes and protection boards. Company owns production facilities in four different countries: Egypt, India, Morocco, and Qatar.