Indian Investments in Egypt
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Indian Investments in Egypt:

Indian companies are operating in virtually all the major sectors of the Egyptian economy including 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. Over 450 Indian companies are trading and operating in Egypt, out of which around 50 Indian companies are in manufacturing and construction with a combined investment of more than US$ 3.3 billion, approximately half are joint ventures and wholly owned Indian subsidiaries and the rest of the Indian companies are operating in Egypt through their representative offices and executing various projects for Governmental organizations.

Major Indian investments in Egypt include TCI Sanmar, Alexandria Carbon Black, Egypt-India Polyester Company (EIPET), Embee International, Velocity Apparelz, Galaxy Chemicals, Essel Propack, Flex P. Films, Lulu Hypermarket, Misr Hytech Seed International etc.

 

Many Indian companies – Kalpataru Power Transmission, Dee Developers, Jyoti Structures Ltd. – are working in several energy projects in Egypt.  Sterling & Wilson Ltd (Shapoorji Pallonji Group) is the latest working on a 200 MW solar project in Benban Solar Park. 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 opened its first Hypermarket in Egypt in December 2015 with an initial investment of around 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 the indirect employment amounts to more than 13,500. 

 

Egyptian Investments in India:

Investments by Egyptian companies in India is about US$ 60 million. El Sewedy group established its presence in Noida, Uttar Pradesh in 2013 for manufacturing of smart electric meters.  KAPCI Coatings set up their manufacturing plant in Bangalore to produce car paints with an investment of US $ 20 million. Modern Waterproofing Group (Bitumode) is a multinational group of companies that is engaged in manufacturing a wide range of products for the construction industry including waterproofing membranes and protection boards. The company owns production facilities in four different countries: Egypt, India, Morocco, and Qatar.



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