About Us Indian Investments in Egypt

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 opened its first hypermarket in Egypt in December 2015 with an initial investment of around US$ 50 million. In October 2020, Abu Dhabi investment company ADQ was reported to have invested USD 1 billion into Lulu Group to develop more outlets in Egypt. In February 2021. Lulu opened the third branch of its hypermarket in New Cairo, providing 2000 job opportunities directly and indirectly through its three branches.

Egyptian Investments in India:

Investments by Egyptian companies in India are about US$ 37 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). In 2021, an Egyptian IT company M/s 700 Apps started operations in Hyderabad and has plans to expand their operations in near future.