Home / Knowledge / News / Textiles / Egypt keen to boost ties with India in MSMEs, textiles
Egypt keen to boost ties with India in MSMEs, textiles
23
Nov '17
Egypt keen to boost ties with India in MSMEs, textiles
Egypt is eager to boost cooperation with India, particularly in the field of micro, small and medium enterprises (MSMEs), minister of trade and industry Tarek Kabil said in a recent statement. The sectors for cooperation include textiles and leather, he said while meeting Indian ambassador to Egypt Sanjay Bhattacharyya and a delegation of 50 Indian firms.

The delegation of Indian companies in machine manufacturing and technologies visited Cairo to participate in the ‘Mactech Expo’ from November 16 to 19, according to a report in an Egyptian daily.

The ministry is working on building three big textile industry clusters, which will include more than 1,000 units, Kabil said, inviting the Indian businesses to invest in one such project, an industrial zone for leather manufacturing, the biggest of its kind in the Middle East and Africa.

The Indian companies were also invited to invest in Egypt and benefit from the various free trade agreements Egypt has signed with other African, Arab and European markets as well as Turkey and the Mercosur bloc.

Trade between the two countries rose by 11.8 per cent to $1.421 billion between January and May 2017, compared to $1.270 billion in the corresponding period last year. Egypt’s exports to India in the same period were worth $358 million, compared to $338 million last year.

India is contributing in projects in Egypt with a capital of $3 billion in the fields of textiles, energy and chemical industries, Kabil added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Pexels

Textiles | On 17th Jul 2018

Trade wars could depress medium-term growth prospects: IMF

The recently announced and anticipated tariff increases by the US and ...

Courtesy: Mat Brown from Pexels

Textiles | On 17th Jul 2018

India increases import duties on textiles & apparel

The Government of India has increased basic customs duty on several...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search