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المصري اليوم
Industry Minister in talks on new industrial zones
Egyptian Minister of Industry Khaled Hamed discussed with Indian Ambassador to Cairo Suresh K. Reddy ways to strengthen industrial cooperation between the two countries, focusing on establishing new industrial zones to meet the rising demand for serviced land. The meeting addressed opportunities for collaboration in renewable energy, food industries, automobiles, pharmaceuticals, and electronics, aiming to enhance the capacities of both the Egyptian and Indian economies. The minister emphasized that economic relations between Egypt and India have developed significantly, highlighting the presence of many Indian companies operating in the Egyptian market. He pointed out the importance of translating these relations into real projects by boosting communication between the private sectors and activating the Egyptian-Indian Business Council. He also stated that Egypt welcomes more Indian companies to benefit from its strategic geographical location, trade agreements, and investment incentives, with the goal of making Egypt a manufacturing and export hub for Africa and neighboring countries. The focus is on attracting Indian developers to establish new industrial zones that meet the growing demand for industrial land through the industrial developer system. The Indian ambassador confirmed that Egypt is a strategic hub and an important investment opportunity, citing successful models such as TC I Senmar Chemicals. He invited the minister to participate in the BRICS countries' meeting to explore industrial investment opportunities and enhance cooperation between the two nations.
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