India’s top notch countries planning investment of $20 billion dollars in various sectors in Egypt.

"India and Egypt should walk hand in hand and shoulder to shoulder in this globalised world. The Indian economy is growing and so is the Egyptian economy. This is the perfect time for scaling up business ties," said Egyptian Minister for International Cooperation Fayza Aboul Naga.

"The Essar, Reliance and the Tata Group are some of big Indian companies planning multibillion dollar investments in Egypt," "Egypt has multiple advantages for Indian businesses. Indian companies are closer to the cultural mindset of businessmen in Egypt and, therefore, have an edge," Naga told IANS ahead of
Trade and Industries Minister Rashid Mohamed Rashid’s visit here Tuesday.

Tata Chemicals planning a investment of $1.2 billion of fertilser plant in Eygpt.Aditya Birla Group is already making revenues with a tie up with Alexandria, a acrylic fibre project.

Both the countries have tie up in IT sector , oil & gas.

Categories: Business, Tie-Ups
Tags: Egypt Project, Tata Chemicals