Seeking to improve trade ties with Egypt, a 17-member business delegation from India today attended a seminar here to scout investment opportunities in the largest country in the Arab world.
The seminar, organised jointly by the Embassy of India in Cairo, Confederation of Indian Industries (CII) and Federation of Egyptian Industries (FEI), deliberated upon various trade and investment opportunities between the two countries.
"We are here to have some very friendly interaction between Indian and Egyptian businessmen to take forward what was outlined during the visit of President Sisi to India in September (2016), and the decisions reached between Sisi and Prime Minister Narendra Modi to put greater emphasis on business to business cooperation," India's Ambassador to Egypt Sanjay Bhattacharyya said.
He said India has witnessed an unprecedented development over the last few decades due to the introduction of reforms and liberalisation of economy.
"Since we introduce the process of reforms and liberalisation in 1991, we have become the fastest growing economy in the world. This has happened because we created a favorable business environment," Bhattacharyya said.
He said India's business environment is competitive and efficient and carries the spirit of innovation.
"I would really wish and invite Egyptian companies to come to India and become part of the great success that we are enjoying," the Ambassador said.
He also asked Indian investors to invest in Egypt as the country was entering an exciting and new phase of reforms.
"There are huge opportunities in Egypt. It has the most intelligent and skilled manpower. You are going to be working with the brightest and the best," Bhattacharyya said.
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