INDIAN INVESTMENTS IN EGYPT

Over 70 Indian companies are active in various sectors with a combined investment exceeding US$ 5.5 bn. Overall, these companies contribute to Egyptian exports upwards of US$ 1 billion every year. 

700 Indian companies are registered in a range of sectors like apparel, agriculture, chemicals, energy, automobiles, retail, and others. Overall, these companies provide direct and indirect employment to approximately 40,000 Egyptians.

Major Indian investments in Egypt include TCI Sanmar (with a value of US$ 1.6 bn), Alexandria Carbon Black, Indorama, Kirloskar, Dabur India, Flex P Films, SCIB Paints, Godrej, Mahindra and Monginis among others. In recent years, Indian companies have invested more than US$ 175 million in the Suez Canal Economic Zone.

The Renewable energy is an important area of interest for Indian companies in Egypt. Indian companies (like OCIOR) have signed MOUs and binding ‘Framework Agreement’ with Egyptian authorities to produce Green Hydrogen with an investment commitment of US$ 4 bn.