India Brings Largest Business Delegation to Africa, Says Piyush Goyal

Mumbai, November 15 (Daily Kiran) : India has launched its largest business delegation to Africa, as announced by Union Commerce and Industry Minister Piyush Goyal. Speaking on Sunday, Goyal emphasized the initiative aims to strengthen trade and industrial collaboration between India and Egypt.

During a discussion at the Egypt-India Business Forum, Goyal highlighted that this delegation is unprecedented, featuring representatives from various sectors, including MSMEs, women entrepreneurs, and startups.

He pointed out the numerous opportunities that exist between India and Egypt, noting both nations share democratic values and have rich cultural histories. The summit serves as a platform to bring their business ecosystems closer together.

Goyal also mentioned that India’s expertise in payment systems like UPI, fintech, agritech, AI, quantum computing, and cybersecurity could facilitate collaborative solutions and develop a shared technology talent pipeline between the two countries.

He urged business leaders from both nations to transform discussions into contracts, stressing that every business-to-business meeting should conclude with a clear “next step,” whether it involves setting dates, exchanging samples, or planning future visits.

Goyal encouraged Indian industries to view Egypt as a base for expanding trade across the African continent, especially with Mediterranean countries. He suggested exploring the Suez Canal economic zone, engaging with the General Authority for Investment and Free Zones (GAFI), and formulating strategies for collaboration in Africa, the Middle East, and Europe.

He also invited Egyptian entrepreneurs to visit India, explore industrial corridors, and establish joint ventures, assuring them of comprehensive support from ‘Invest India’ throughout their journey, from initial inquiries to setting up their first factory.