India’s Ostwal eyes Egypt as an export hub: India-based fertilizers manufacturer Ostwal Group of Industries is looking into setting up a USD 300 mn fertilizers factory in Egypt for exports, according to a statement.

What we know: The factory aims to produce over 700k tons of fertilizers a year and plans to export to markets in the Middle East, Africa, and Europe, as well as the Indian market.

Why Egypt? Ostwal will capitalize on Egypt's strategic location, availability of raw materials, qualified labor force, and energy resources, Egypt’s Investment and Foreign Trade Minister Hassan El Khatib said in the statement.

About Ostwal: The Indian group is one of the largest producers and manufacturers of fertilizers in India. It currently has operations in 10 countries, with 150 retail branches and 17k distributors.

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