Mohamed El-Shimy, Minister of Public Enterprises Sector, held a meeting with Suresh Reddy, Indias ambassador to Egypt, to enhance bilateral cooperation in economic and industrial fields and explore partnership opportunities with companies affiliated with the ministry.
At the outset, El-Shimy praised the long-standing and historic ties between Egypt and India, expressing hope to elevate these relations to broader horizons of cooperation. He also highlighted the range of incentives and facilitations that Egypt offers to foreign investors, inviting Indian businessmen and investors to visit the ministrys factories and companies to see their capabilities and investment prospects up closeparticularly in sectors identified as priorities for joint collaboration.
The meeting discussed potential cooperation in several strategic sectors, including pharmaceuticalsespecially active pharmaceutical ingredients and treatments for chronic and complex diseasesas well as textiles, ready-made garments, fertilisers, chemical industries, aluminium, vehicles, and mining. It also touched on the hospitality sector, where partnerships already exist with some Indian companies.
El-Shimy and Ambassador Reddy reviewed the portfolio of companies affiliated with the ministry, detailing their areas of operation and the investment opportunities they present. This portfolio offers a solid foundation for potential industrial and commercial partnerships.
For his part, Reddy affirmed the depth and strength of EgyptIndia relations, describing them as historical and rooted in mutual respect and cooperation across many domains. He expressed his countrys interest in further strengthening ties with Egypt, particularly in economic and industrial sectors, noting Egypts strategic geographic location, modern infrastructure, and significant investment potential.
The meeting comes within the framework of the Public Enterprises Sector Ministrys broader strategy to expand international cooperation and global partnerships. This approach aims to enhance the performance of the ministrys affiliated companies, attract foreign direct investment, and increase the added value of Egyptian industriessupporting Egypts path toward sustainable economic development.
