{"id":640570,"date":"2024-08-28T00:00:00","date_gmt":"2024-08-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/28\/india-is-looking-into-setting-up-a-usd-60-mn-carbon-black-factory-in-egypt-2\/"},"modified":"2024-08-28T00:00:00","modified_gmt":"2024-08-28T00:00:00","slug":"india-is-looking-into-setting-up-a-usd-60-mn-carbon-black-factory-in-egypt-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/28\/india-is-looking-into-setting-up-a-usd-60-mn-carbon-black-factory-in-egypt-2\/","title":{"rendered":"India is looking into setting up a USD 60 mn carbon black factory in Egypt"},"content":{"rendered":"

Indian investments incoming? <\/strong>Head of the Trade Ministry's Commercial Representation Authority Yehia El Wathek Bellah held a series of meetings with representatives from major Indian companies to discuss potential investments in Egypt, according to an authority statement<\/a>. <\/p>\n

TL;DR: <\/strong>The talks covered an array of sectors \u2014 automotive, green hydrogen, furnishing, and carbon black \u2014 but produced no concrete agreements. <\/p>\n

#1- A USD 60 mn carbon black factory in the making? <\/strong>One of India\u2019s largest black carbon producers is interested in setting up a USD 60 mn plant in Egypt, the statement read, without providing the name of the company or when we can expect the project to materialize. A delegation from the company will be visiting Egypt to conduct field visits to potential locations that could house the factory. <\/p>\n

Carbon black? <\/strong>It\u2019s a material mainly used<\/a> to strengthen rubber in tires, but can also be used in the production of plastics, batteries, pipes, and more. <\/p>\n

#2- Welspun wants to set up shop in Egypt: <\/strong>Textile manufacturer Welspun<\/a> \u2014 one of the largest home textile companies in India and globally \u2014 wants to set up a project in Egypt to help it enter African markets and boost exports to European, Arab, and US markets. Company representatives, during their meeting with El Wathek Bellah, discussed investment costs related to land acquisition, energy prices, and labor, and the incentives available, particularly in the Suez Canal Economic Zone. <\/p>\n

What\u2019s next? <\/strong>A delegation from Welspun will visit Egypt to meet up with government officials and private sector players and wrap up the feasibility studies needed for setting a project here.<\/p>\n

#3- Hinduja continues to mull over entry into the Egyptian market:<\/strong> Officials from Indian conglomerate Hinduja Group<\/a> have been developing plans to produce buses and light vehicles with officials from the General Authority for Investment and Free Zones and other local government bodies during recent visits to the country.<\/p>\n

Not the first time we hear Hinduja is interested in Egypt: <\/strong>It was reported<\/a> back in February that Hinduja is in talks with the Sovereign Fund of Egypt to set up an automotive factory in the country in partnership with El Nasr with an annual capacity of 6k vehicles.<\/p>\n

AND- Flights between New Delhi and Cairo: <\/strong>El Wathek Bellah also met with executives from India\u2019s flag carrier Air India<\/a> and discussed setting up a direct flight route linking Cairo and the Indian capital. The two sides also looked into ways to boost transport, tourism, and trade between the two countries. <\/p>\n

PLUS- <\/strong>El Wathek Bellah also met with officials from India\u2019s Ocior Energy<\/a> to follow up on its planned green ammonia production project Ain Sokhna. The company inked a USD 4.3 bn agreement<\/a> with the SFE to develop the plant at the Port of Ain Sokhna earlier this summer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Local officials met with representatives from major Indian companies working in the carbon black, green hydrogen, furnishings, and automotive industries<\/p>\n","protected":false},"author":1,"featured_media":640571,"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":[7272],"tags":[144,72,254,1404,125,131,6438],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-automotive","tag-enterpriseam","tag-green-hydrogen","tag-india","tag-investment-watch","tag-manufacturing","tag-ocior-energy","wpautop","entry"],"acf":{"mongo_id":"5cef40ec-e31b-4a69-aa50-ba7443ba7111","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2415.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India is looking into setting up a USD 60 mn carbon black factory in Egypt","related_issue":[640562],"teaser":"Local officials met with representatives from major Indian companies working in the carbon black, green hydrogen, furnishings, and automotive industries","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.ee68e292-6db3-40bc-820b-a98485d1e542.mp3"},"yoast_head":"\nIndia is looking into setting up a USD 60 mn carbon black factory in Egypt - 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It\u2019s only Tuesday but we have already started counting down to the weekend. THE BIG STORY TODAY- A USD 60 mn carbon black factory in the making? One of India\u2019s largest black carbon producers is interested in setting up a USD 60 mn plant in Egypt, according\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1517.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548174,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/another-green-hydro-plant-courtesy-of-india\/","url_meta":{"origin":640570,"position":1},"title":"Another green hydro plant, courtesy of India","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"Egypt, India could establish a USD 8 bn green hydrogen plant: Egyptian government agencies signed an MoU with Indian renewables company ReNew Power to establish a green hydrogen plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The plant will crank out 220k tons of hydrogen\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587325,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/25\/chinese-consortium-wants-to-build-usd-300-mn-ironworks-in-sczone\/","url_meta":{"origin":640570,"position":2},"title":"Chinese consortium wants to build USD 300 mn ironworks in SCZone","author":"enterpriseam admin","date":"25 May 2023","format":false,"excerpt":"A growing appetite in the SCZone green hydrogen projects","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1397.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":662580,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/indias-sterlite-power-proposes-usd-6-bn-energy-infrastructure-project\/","url_meta":{"origin":640570,"position":3},"title":"India\u2019s Sterlite Power proposes USD 6 bn energy infrastructure project","author":"enterpriseam admin","date":"19 March 2025","format":false,"excerpt":"The news came during El Khatib\u2019s visit to India","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589085,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/21\/indian-industrial-energy-firms-express-interest-in-sczone-during-roadshow\/","url_meta":{"origin":640570,"position":4},"title":"Indian industrial, energy firms express interest in SCZone during roadshow","author":"enterpriseam admin","date":"21 June 2023","format":false,"excerpt":"ACME could soon sign a framework agreement for its proposed green hydrogen plant","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1047.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587441,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/more-chinese-energy-chemicals-and-textiles-projects-in-the-sczone\/","url_meta":{"origin":640570,"position":5},"title":"More Chinese energy, chemicals, and textiles projects in the SCZone","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"The agreements signed are worth a combined USD 707 mn","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1445.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=640570"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640570\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/640562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640571"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640570"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640570"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}