Mumbai, May 7: India and Egypt are enhancing their trade and investment ties. During a business delegation meeting at the World Trade Center in Mumbai, representatives from both nations emphasized the need to boost cooperation in sectors like trade, investment, tourism, energy, and pharmaceuticals. They reiterated their goal of reaching $12 billion in bilateral trade in the coming years.
In an interview with a news agency, Dahlia Mohammed Nazih Mohammed Tawakkol, Egypt’s Consul General in Mumbai, highlighted the historic and robust bilateral relations between India and Egypt. She expressed gratitude to Dr. Vijay Kalantari for organizing the “Doing Business with Egypt” event at the World Trade Center, stating that it would provide new direction for trade relations between the two countries.
Tawakkol noted that India and Egypt have set a target to increase mutual trade to $12 billion. A strategic partnership agreement was signed in June 2023, followed by a strategic dialogue in New Delhi in October 2025. These initiatives are continuously strengthening cooperation between the two nations.
She pointed out the vast potential for collaboration in sectors such as energy, tourism, agriculture, pharmaceuticals, and automobiles. Specifically mentioning the Suez Canal Economic Zone, she stated that it is becoming a major hub for global trade, offering numerous investment and business opportunities for Indian companies.
Additionally, she mentioned that cultural and tourism exchanges between the two countries are rapidly increasing. There is also significant potential for bilateral cooperation in the pharmaceutical sector, with an emphasis on boosting exports of products like strawberries, grapes, fertilizers, and electronic wires from Egypt. Many Egyptian companies are actively working in this area.
Vijay Kalantari, Chairman of the MVIRDC World Trade Center Mumbai, shared that the current trade between India and Egypt stands at approximately $5 billion, with both countries working towards increasing it to $12 billion by 2030.
He highlighted the tremendous opportunities for expanding trade in pharmaceuticals, chemicals, textiles, and various other sectors. Indian companies are also investing in Egypt, which will further strengthen economic ties between the two nations.
Kalantari added that tourism could serve as a significant medium for cooperation between the two countries. When trade is coupled with culture and tourism, economic relations advance rapidly. India and Egypt have been strategic partners for a long time, and their relationship continues to grow stronger.
He also mentioned that there are currently no major obstacles to trade between India and Egypt. While some logistical challenges exist, they are being addressed swiftly. Efforts are underway to simplify visa processes, freight transport, and the movement of people, paving the way for new opportunities in trade and investment in the future.
My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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