>>
Home / Knowledge / News / Apparel/Garments / Egypt invites Indian firms to Suez Canal Economic Zone

Egypt invites Indian firms to Suez Canal Economic Zone

27
Apr '19
Egypt invites Indian firms to Suez Canal Economic Zone
Cairo is discussing with New Delhi setting up an India Economic Zone at the Suez Canal Economic Zone on the lines of those set up by Russia and China, and is looking at light industries like food processing, packaging and information technology, Egyptian ambassador to India Heba S Elmarassi said recently in Mumbai at a Confederation of Indian Industry event.

Egypt’s interest arises from its expectation of bilateral trade nearly doubling to $8 billion by 2022, according to a news agency report. Over 50 Indian firms have already invested over $3 billion across Egypt, the ambassador said, adding while companies from there have invested around $150 million in India.

Elmarassi welcomed Indian companies to explore investment opportunities in the economic zone, especially in chemicals, petrochemicals, pharmaceuticals, textiles, automotive, auto components, agriculture, agri-processing, telecommunications, power and renewable energy.

India is the sixth largest export market for Egypt and the tenth largest source of imports and the bilateral trade stood in favour of Egypt at $4.4 billion in 2018, up from $3.5 billion in the previous fiscal.

India's exports to Egypt stood at $1.6 billion in fiscal 2017-18, up from $1.2 billion in 2016-2017, while imports stood at $2.7 billion and $2.3 billion respectively, leading to a trade deficit. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Pic: Shutterstock

E-commerce | On 24th Jan 2022

S Korea aims to be world's 5th biggest metaverse market by 2026

South Korea will cultivate 220 companies and 40,000 professionals...

Pic: Juan Moyano | Dreamstime.com

Textiles | On 24th Jan 2022

Coal export ban on 139 Indonesian firms lifted

Indonesia has allowed 139 coal mining companies to resume export...

Interviews View All

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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

ESTEEMED CLIENTS

Splash
KAS Direct Sourcing
TESCO INTERNATIONAL SOURCING LIMITED
Lenzing Aktiengesellschaft
Midas Clothing Limited
Calvin Klein
Sainsbury's Argos Asia Limited
Vianney Textil Hogar S.A. De C.V.
Alison Hayes Romania
The Top Form Brassiere Manufacturing Company Limited
John Varvatos
SHAHI Exports Pvt Ltd
Page Industries Limited (Bangalore)
Abit
Sportswear Company Spa
Boardriders Asia Sourcing Limited
Huntsman (Singapore) Pte Ltd
BIMBA ;& LOLA SL
Asos
Landmark Group
Seasalt Limited
Green Fibre
Tommy Hilfiger
Rayonese Textile Inc., Division de Culp Inc.
KIABI
Guess Europe Sagl,
Alix Partners
Hela Clothing Pvt Ltd
T.T. Limited
Chori Company Limited
Rosset ;& Cia Limited
Gokaldas Exports Limited
NITI Aayog
Sateri (Jiujiang) Fiber Co.,Ltd
J ;& P Coats
Tory Burch Hong Kong Ltd
Esprit Europe Services GmbH
Maceton Limited
Etam Group Strategy Hong Kong Limited
MAS Active / MAS Kreeda / MAS Bodyline
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Truetzschler India Private Limited
Puma
Target Corporation (MN)
Permoda(Koaj/Armi/Pronto/Bkul)
BIANCA
Hirdaramani International Export Private Limited
Lifestyle
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Groz-Beckert East Asia LLP
Walmart
Brandix Lanka Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Lisa S.P.A.
G-Star Raw C.V.
C;&A Sourcing International Ltd
Amazon China
Aquarelle Clothing Limited
Decathlon
International Textile Manufacturers Federation
Chico’ FAS
Aramark Uniform ;& Career Apparel, LLC
Helly Hansen Far East Ltd
Phong Phu international JSC (PPJ)
Lululemon Athletica Inc
IDH – The Sustainable Trade Initiative
Cat Tuong Real Estate Group Joint Stock Company
Tchibo GmbH
IKEA of Sweden AB
LC Waikiki
The LYCRA Company Singapore  Pte. Ltd
Bluestem Global Sourcing Limited
PVH Corporation
Gloria Jeans
Gap International Sourcing Limited
Babyshop
Recron Polyester from Reliance Industries Limited
Desigual - ABASIC, S.A.
Vardhman Textile Ltd
Sportmaster Ltd.
Benetton Group
Gatsby Africa
Arvind Limited
Grasim Industries Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Eastman Chemical Company
Under Armour Global Sourcing Ltd
Varner AS Retail
Reiter India Private Limited
OVS Hong Kong Sourcing Ltd.

January 2022

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


Advanced Search