Egypt Seeks Major Indian Investment in Manufacturing and Trade

Egypt’s Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, said the country is targeting increased Indian investment to boost manufacturing, exports and technology transfer. He met Indian Trade Minister Biyush Goyal on the sidelines of the 16th BRICS trade ministers’ meeting in Jaipur, discussing ways to deepen economic ties, accelerate the seventh Egypt‑India joint trade committee in 2026 and fast‑track a proposed Indian industrial zone in the Suez Canal Economic Zone. Saleh noted bilateral trade reached about $4.18 billion in 2025, with a $2.84 billion deficit for Egypt, and highlighted opportunities in chemicals, green energy, automotive, cables, technology and agro‑food sectors.

During a dinner hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) in India, Saleh outlined reforms that improve Egypt’s investment climate and urged Indian firms to use Egypt’s strategic location and free‑trade agreements as a production base. He cited TCI Sanmar’s $1.5 billion investment in Port Said, creating roughly 900 direct jobs, and discussed a $150 million ethylene import terminal and potential bus‑manufacturing projects with Ashok Leyland. Saleh invited the Indian delegation to visit Egypt for a business forum to explore further joint projects.