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Trade Promotion Council of India to organize Roundtable seminar with the visiting Egyptian business delegation on March 18

Visiting Egyptian business delegation comprising of Suez Canal Economic Zone and East Port Said Development Company to participate in 14th CII EXIM BANK Conclave on India-Africa Project Partnership March 17-19

IMO News Service

New Delhi: The trade Promotion Council of India (TPCI) in association with the Embassy of Egypt in New Delhi, will organise a Roundtable seminar with the visiting Egyptian business delegation comprising of Suez Canal Economic Zone and East Port Said Development Company on 18th March, 2019 at the Le Meridien Hotel, Windsor Place, Janpath, New Delhi, Room Nos. 2010-2020 from 1530 hours to 1700 hours.

A press release issued by TPCI said that the composition of the Egyptian delegation and the representative sector will be as follows:

Suez Canal Economic Zone (SC ZONE)

The Governmental authority responsible for the development projects along the Suez Canal corridor. Spanning on an area of 460 million square meter, the development project is considered a promising investment zone consisting of 4 industrial areas, 6 sea ports, two from them are integrated areas on the entrances of Suez Canal (East Port Said in North and Al-Sokhna in South). The SC Zone objective is to attract industrial investors, logistical investors and operators, sea port operators, infrastructure related entities.

Delegates: Name and Position

1. Mohamed Abdelaziz Brai, Vice Chairman
2. Mohamed Aboeldahab, North Sector Projects Manager
3. Nader Teilab, Investors Relations & Services Manager

East Port Said Development

A private owned company responsible for developing East Port Said Industrial Zone (EP); the industrial zone is being built to become one of the most competitive industrial townships in the world for global manufacturers. Built on an area of 16 million SQM and strategically situated at the crossroad of Africa, Europe and Asia. Located within the SC Zone, EP offers various fiscal incentives, tax and customs exemptions to the investors.

India-Egypt Relations1The targeted sectors, all light and medium industries such as, but not limited to:

• Automotive (Auto Parts, Tyres and Rubbers, Automobile Manufacturers)
• Machinery (Construction Machinery & Heavy Trucks, Agriculture and Farm Machinery, Industrial Machinery)
• Chemicals (Industrial Chemicals, Household Chemicals)
• Packaging (Paper Packaging, Metal and Glass Containers)
• Food Products (Agriculture Products, Packaged Foods and Meats)
• Building Material (Construction Material)
• Electrical Equipment (Electronics and Home Appliances, Household Products)

Delegates: Name and Position

1. Sameh Attia, Managing Director
2. Ahmed Elmofty, Commercial Director
3. Omar Abd El Waha, Senior Sales

Industrial Development Group

A private owned company responsible for developing Engineering Square Industrial Park, Al Alameen Industrial Zone, and couple of other specialized industrial parks. The parks offer investors the opportunity to rent, lease, buy industrial space or purchase land plots and build their own assembly and / or manufacturing lines abiding by the same architectural standards of the park. All industrial sectors are welcomed in the parks.

Delegates: Name and Position

1. Sameh Attia, Managing Director
2. Khaled Abdelaty, Technical Manager
3. Rehab Darwish, Internal Auditor
4. Sabrin Atef, Sales Manager
5. Basant Alaaeldin, Architect

Egypt to promote investments in India

Earlier, Rahul Kulshreshth, Indian Ambassador to Egypt, informed that a business delegation from Egypt will be visiting India for promoting the region’s available investment opportunities.

The Egyptian business delegation will be meeting some of the Indian companies’ representatives and show them a presentation in order to facilitate their investment decisions. About seven companies are still negotiating with the Suez Canal Authority to sign a memorandum of understanding to develop an industrial zone in the Suez Canal area, the Daily News Egypt reported.

There are many Indian companies that are keenly interested to boost their current investments in the Egyptian market, particularly automotive sector. Currently, Indian investments in Egypt are estimated to be at about $3 billion. Egyptian President Abdel Fattah Al-Sisi had visited India in 2016 further strengthening ties between the two countries.

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