Egypt’s minister of trade and industry Tarek Kabil sees tremendous potential to enhance bilateral cooperation with India in textile, leather and automobile sector. He said this at a meeting with Tamil Nadu's Minister of Rural Industries P Benjamin who led the Indian delegation that participated in the recently concluded MACTECH Fair at the Cairo International Convention Centre.
India is Egypt's 10th largest export hub and the 10th largest import source. Hence, Egypt is keen to enhance economic cooperation with India in the SME sector. India's Ambassador to Egypt Sanjay Bhattacharyya disclosed both the sides discussed the possibilities of technology and investment cooperation in textiles and leather segment. India's participation with 50 companies at MACTECH Fair was to showcase the country’s strengths by delivering high quality, affordable prices and efficient utilisation of labour. Both sided also lok to increase exports and are looking at opportunities for joint ventures.
The delegation from the Engineering Export Promotion Council of India (EEPC India) comprised 50 leading Indian machine tools and technology organisations. The Indian Pavilion was organised by the EEPC, the premier trade and investment promotion group in engineering sector sponsored by the Ministry of Commerce and Industry, in association with the Embassy of India in Cairo.