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Cairo eyes more Indian investments in automotive, textile sectors

Source: www.export-egypt.com 9/3/2016, Location: Africa

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Minister of Trade and Industry Tareq Qabil said that Egypt plans to lure more Indian capital into the automotive and textile sectors.

Speaking to reporters in New Delhi, the minister said Egypt will discuss means of boosting cooperation with India in these industries to benefit from the Indian experience.

He asserted that Cairo is keen on addressing all obstacles facing Indian businessmen in Egypt.

President Abdel Fattah El Sisi made it clear that investment laws will be amended to provide more incentives for investors, the minister added

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