India, Egypt look to strengthen trade, investment ties, Piyush Goyal says
Addressing a community event organised by the Indian Community Association in Egypt in Cairo, Piyush Goyal said the bilateral trade between the countries stood at about $6.5 billion
India and Egypt are seeking to strengthen their trade and investment ties, according to Commerce and Industry Minister Piyush Goyal. The two nations aim to increase market access for their goods and services and encourage imports to promote mutually beneficial economic cooperation, Goyal stated during a community event in Cairo.
The bilateral trade between India and Egypt is currently valued at approximately $6.5 billion, but Goyal believes this is just the beginning, stating, "the sky's the limit." In 2025-26, India's exports to Egypt amounted to $3.87 billion, while imports stood at $2.60 billion. Major Indian exports to Egypt include meat, petroleum products, chemicals, cotton, and machinery, while major imports include crude petroleum, fertilizers, cotton, and mineral products.
Goyal emphasized the need for a two-way win-win trade relationship and suggested the ICAE prepare a business guide for Indian and Egyptian businesses to engage with each other.
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