Indian companies to cooperate with Egyptian textile manufacturers

An unnamed Indian company is planning to invest EGP 40 mn in Egypt’s textile sector, and will increase its investment to EGP 60 mn later on, Indian Ambassador to Egypt Sanjay Bhattacharyya said, Al Shorouk reports. 37 Indian textile companies are participating in Cairo Fashion and Tex Exhibition and India have “vowed to step up its collaboration with Egypt in the textiles sector,” The Economic Times reports. There are also talks with Indian companies to increase textile machinery supplies to Egypt, Bhattacharyya says.