India’s TCI Sanmar Chemicals is looking to increase its investments in Egypt to USD 1.5 bn from USD 300 mn currently, Investment Minister Dalia Khorshid told Ahram Gate. The company has offered to raise funds from Indian banks to finance a capacity increase to bolster its export capacity. The report says TCI Sanmar wants to expand its polyvinyl chloride (PVC) production to 400k tonnes annually, the same target it said it wants to hit last July during talks with Trade and Industry Minister Tarek Kabil.

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