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India - Egypt Economic & Commercial Relations

Egypt has traditionally been 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 Favored Nation clause and our bilateral trade has increased more than five times in the last ten years. According to the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS), India was Egypt’s 9th largest trading partner in the financial year (FY) 2018-19. It was the 8th largest importer of Egyptian goods and the 10th largest exporter to Egypt during the same time.

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. The trade volume declined gradually US$ 4.95 billion in 2013-14 to US$ 4.77 billion in 2014-15 and to US$ 3.23 billion in 2016-17 due to general economic slowdown and decline in oil prices. However, trade witnessed positive growth again from 2017-18 onwards to reach US$ 3.68 billion in 2017-18 and US $ 4.55 billion in 2018-19. During April 2019-February 2020, the volume of trade was US $ 4.38 billion.

3. On an YoY basis, Indian exports to Egypt increased by 20.6% in 2018-19, whereas Indian imports from Egypt increased by 29.02% compared to 2017-18.

4. Bilateral trade figures in USD million for the ten year period (2010-20) are provided below:



Source: DGCIS (India)

I. India’s Exports to Egypt

India's top exported items to Egypt in 2018-19 were Petroleum Products (15.9%), Cotton Yarn (6.3%), Motor Vehicle/Cars (5.2%), Processed Minerals (4.7%) and Buffalo Meat (4.1%).



II. India’s Imports from Egypt

India's top imported items from Egypt for 2018-19 were Crude Petroleum (55.6%), Manufactured Fertilizers (7.6%), Inorganic Chemicals (6.7%) and Crude Fertilizers (5.0%).

INVESTMENTS

Indian Investments in Egypt:

Indian companies are operating in all major sectors of the Egyptian economy including textiles and garments, power, chemicals including specialty chemicals, adhesives, pharmaceuticals, information technology, paints, consumer goods, health care, PVC, caustic soda, PET Resin, plastics, paper, packaging, auto and auto-component and trading. Around 50 Indian companies are in manufacturing and construction with a combined investment of more than US$ 3.15 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 built a cumulative capacity of 250 MW of Solar PV plants in 5 projects in Aswan in 2018-19 in addition to a data center project worth US$ 3 million. L&T successfully completed Toshka 2 – Wadi Halfa 220 kV double circuit overhead transmission line project. The Overhead Transmission Line was successfully energized on 13 January 2020. Previously, L&T executed 500kV / 220 kV GIS substation projects for Egypt Electricity Transmission Co. in Ain Sokhna and Ras Ghareeb and 220kV overhead transmission line from Safaga to El-Qusair .Lulu Group of Companies opened its first Hypermarket in Egypt in December 2015 with an initial investment of around US$ 50 million. A second hypermarket is expected to open in Wadi Degla, Cairo shortly. In next few years, Lulu group plans to open more branches in Egypt.


Egyptian Investments in India:

Investments by Egyptian companies in India are about US$ 36.7 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 (Karnataka) to produce car paints with an investment of US $ 15 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. It has manufacturing facility in Dahej (Gujarat).

IBF

India Business Forum (IBF) in Egypt was launched in 2012 by the Embassy of India, Cairo with the Confederation of Indian Industry (CII), one of India’s premier business organizations. The CII IBF is a platform for Indian companies in Egypt to share information and raise issues of concern to authorities in Egypt and India. IBF also aims to promote and support the activities of its members in Egypt and play a catalyst role in enhancing trade and investment between the two countries. The Ambassador of India to Egypt is the Patron of the IBF.

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Commercial Support Team:

1. Mr. Nahas Ali,

Second Secretary (Commerce)

Phone: +202-27355794

Email: com.cairo@mea.gov.in

2. Attache (Commerce) 

Phone No.: 2736-1014
e-mail: attcom.cairo@mea.gov.in

   

 For Commercial Inquiries:

Mr. Ahmed Ali, Marketing Manager
Phone No.: 2736-1014 & 27360052 Ext. 129

e-mail: mona@indembcairo.com

 

Mr. Mohamed El Tayb, Commercial Executive

Phone No.: 2736-1014 & 27360052 Ext. 135

e-mail: m.tayb@indembcairo.com

 

Mr. Tamer Adel, Commercial Executive

Phone No.: 2736-1014 & 27360052 Ext. 105

e-mail: tamer@indembcairo.com

 

Mr. Kamal Nabil, Commercial Executive

Phone No.: 2736-1014 & 27360052 Ext. 228

e-mail: kamal@indembcairo.com