This came during a meeting between Minister of Investment and Foreign Trade, Hassan El-Khatib, with PS Jayaraman, Chairman of theIndian TCI Sanmar Chemicals company , to review the company’s current projects in the Egyptian market and its expansion plans in Egypt during the next stage.
The official also noted that the Indian companies are expected to visit Egypt soon to explore investment opportunities in these sectors.
During the meeting, Indian company Welspun expressed its intention to set up a textile project in Egypt to help it enter African markets and boost exports to European, Arab, and US markets.
El-Khatib added that the project is expected to provide a production volume of 700 thousand tons annually.
This came during the members of the Egyptian-Indian Business Council's meeting with Minister of Investment and Foreign Trade, Hassan El-Khatib.
