Egypt is keen to boost economic cooperation with India as it is the 10th largest export destination and also the import source for Egypt which will help in developing Small and Medium Enterprises (SMEs).
“There is potential to enhance the bilateral cooperation in leather, textile and automobile sector”, Tarek Kabil, Minister of Trade and Industry said during a meeting with Tamil Nadu’s Minister of Rural Industries P Benjamin who were leading the Indian delegation participating in the MACTECH Fair at the Cairo International Convention Centre from November 16-19.
India’s Ambassador Sanjay Bhattacharyya said that both the sides discussed the possibilities of technology and investment cooperation in textiles and leather sectors.
He said that India’s participation with 50 companies at MACTECH Fair was with the objective of showcasing their strengths as their advantages lie in high quality, affordable prices and efficient utilisation of labour. They also wish to increase exports and also look for opportunities for joint ventures in the coming years.
– Apparel and Textile News, Apparel Talk, Indian Apparel
