{"id":589297,"date":"2023-06-25T00:00:00","date_gmt":"2023-06-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/25\/indian-auto-plastics-firms-meet-with-sczone-boss-gamal-el-din-in-mumbai\/"},"modified":"2023-06-25T00:00:00","modified_gmt":"2023-06-25T00:00:00","slug":"indian-auto-plastics-firms-meet-with-sczone-boss-gamal-el-din-in-mumbai","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/25\/indian-auto-plastics-firms-meet-with-sczone-boss-gamal-el-din-in-mumbai\/","title":{"rendered":"Indian auto, plastics firms meet with SCZone boss Gamal El Din in Mumbai"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Indian auto, chemicals firms want to invest in the SCZone: <\/span><span style=\"\">Indian automotive<\/span><span> and adhesive companies expressed their interest in investing in the Suez Canal Economic Zone\u2019s (SCZone) East Port Said industrial zone during meetings with SCZone boss Walid Gamal El Din in Mumbai, Gamal El Din said in a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid032YcdnXuUYcC9snUAzy4DnyScodCwr3NpkBVgMmaWYmSgZNCR3mb1MafA1AsNufryl\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\"> yesterday. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REMEMBER- <\/span><span style=\"\">Indian <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/dd16c49e-de11-4147-9a9f-743ce3d5fad3\" style=\"\">energy, industrial, and construction companies<\/a><\/span><span style=\"\"> last week expressed <\/span><span>interest in setting up projects here during meetings with SCZone representatives in New Delhi as part of the SCZone\u2019s roadshow to India, which <\/span><span>wrapped up in Mumbai yesterday. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#1-<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.bajajauto.com\/\" style=\"\"><\/a><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.bajajauto.com\/\" style=\"\">Bajaj<\/a><\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.bajajauto.com\/\" style=\"\">Auto<\/a><\/span><span style=\"font-weight:700\"> to produce motorbikes in SCZone: <\/span><span style=\"\">Motorcycle and three-wheeler maker Bajaj <\/span><span style=\"font-weight:400;\">Auto wants to establish a vehicle factory in the SCZone\u2019s East Port Said industrial zone for easy access to export markets across Africa and the MENA region. The statement didn\u2019t include a projected investment cost.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#2- EV talks ongoing with <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.ashokleyland.com\/in\/en\" style=\"\">Ashok Leyland<\/a><\/span><span style=\"font-weight:700\">: <\/span><span style=\"\">Gamal El Din discussed with Hinduja Group <\/span><span>Ashok Leyland plans to locally manufacture EVs after the company last month visited the East Port Said industrial zone, the statement read. The Public Enterprise Ministry <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2fc6d644-f126-40b3-81e9-417b7c0213ad\" style=\"\">last month said<\/a><\/span><span style=\"font-weight:400;\"> the Indian firm could partner with state-owned EL Nasr Automotive to form a joint venture for locally-made EVs. The government has been searching for a replacement partner since talks with Chinese firm Dongfeng fell through in 2021.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#3- <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.tvsmotor.com\/\" style=\"\">TVS Motor<\/a><\/span><span style=\"font-weight:700\"> eying EVs here?<\/span><span style=\"\"> TVS Motor Company told Gamal El Din it\u2019s interested in <\/span><span style=\"font-weight:400;\">manufacturing eco-friendly vehicles, without discussing any specific plans to set up a project here. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#4- Mahindra eyes SCZone for multiple projects:<\/span><span style=\"\"> Auto and farm equipment firm <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mahindra.com\/our-business\" style=\"\">Mahindra<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mahindra.com\/our-business\" style=\"\">Group<\/a><\/span><span> is looking to expand its activity in the local food industry through dedicated industrial zones such as the West Qantara industrial area, regional president Bobby Salwan is quoted as saying. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">#5- Indian plastic adhesives and sealants company <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.hpadhesives.com\/\" style=\"\">HP Adhesives<\/a><\/span><span style=\"\"> will study setting up a <\/span><span>10k sqm factory in an SCZone area, the statement read, without giving further details. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Could we see an Indian cluster in the SCZone? <\/span><span style=\"\">Egypt is prepared to offer India an exclusive <\/span><span>industrial and logistics hub to serve as a strategic gateway from which New Delhi can expand its market reach, Gamal El Din said yesterday, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/business\/transport-and-logistics\/egypt-offers-dedicated-cluster-to-indian-firms-at-suez-canal-economic-zone-h5o9e3zs\" style=\"\">Zawya<\/a><\/span><span>. President Abdel Fattah El SIsi first floated the idea during <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3bcbd81c-1b69-41fb-9400-f968fe3a7956\" style=\"\">his trip to India<\/a><\/span><span style=\"font-weight:400;\"> back in January. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bajaj Auto, Mahindra, HP Adhesives, Ashok Leyland eye Egyptian projects<\/p>\n","protected":false},"author":1,"featured_media":589298,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[10729,144,10728,10733,72,10727,10732,10731,131,745,416,10730,8741],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-ashok-leyland","tag-automotive","tag-bajaj-auto","tag-east-port-said-industrial-zone","tag-enterpriseam","tag-evs-egypt-india-relations","tag-hp-adhesives","tag-mahindra-group","tag-manufacturing","tag-plastic","tag-suez-canal-economic-zone","tag-tvs-motor","tag-walid-gamal-el-din","wpautop","entry"],"acf":{"mongo_id":"c21ee194-650f-4fc5-b830-f5b12ff2e908","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/6\/1225.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Indian auto, plastics firms meet with SCZone boss Gamal El Din in Mumbai","related_issue":[589284],"teaser":"Bajaj Auto, Mahindra, HP Adhesives, Ashok Leyland eye Egyptian projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/6\/.7dce4df7-86ad-408a-9978-d7bc7bfabf02.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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