Egypt's Minister of Investment and Foreign Trade, Mohamed Saleh, met with India's Ambassador to Cairo, Suresh K. Reddy, to explore ways of strengthening bilateral economic, trade, and investment relations. The talks covered priority issues for advancing industrial cooperation and leveraging Egypt's strategic position. Both sides emphasized joint efforts toward shared economic goals.
The meeting included senior Egyptian officials such as Mohamed El-Gouski, CEO of the General Authority for Investment and Free Zones (GAFI); Abdel Aziz El-Sherif; Ghada Nour, Assistant Minister for Investment and Promotion; Amani El-Wesal, Head of the Agreements and Foreign Trade Sector; Abed Mehran, Adviser to the Minister; Ahmed Badawi, Head of the Promotion Sector at GAFI; and Gomaa Madany, Head of the Central Administration for Trade Agreements.
Saleh highlighted preparations for the seventh session of the Egyptian-Indian Joint Trade Committee in Cairo soon. He pointed to government efforts to foster a competitive investment climate through transparency, simplified procedures, and supportive frameworks. Egypt offers competitive labor costs, a skilled workforce, and land allocation incentives, with commitments to resolve issues for Indian firms operating locally.
The minister proposed an expanded meeting with leading Indian companies to showcase opportunities and address challenges. Ambassador Reddy reaffirmed India's dedication to economic cooperation, viewing Egypt's market as promising due to its strategic location and incentives.
Bilateral trade reached $4.203 billion in 2025, up 12% annually. Indian investments cover chemicals, infrastructure, tourism, and textiles, with Egypt seeking more in renewable energy, automotive manufacturing, and pharmaceuticals.