FM says Egypt seeks greater Indian investment, eyes UFLex expansion

Minister of Foreign Affairs, Emigration, and Expatriates Badr Abdelatty said on Thursday 16/10/2025 that Egypt seeks to attract increased Indian investments across diverse industrial sectors, particularly those aligned with local market demands.

The remarks came during a meeting in New Delhi with Ashok Chaturvedi, Chairman of UFLex Group, a leading Indian flexible packaging company, at the start of Abdelatty’s visit to the Indian capital, said a statement by the foreign ministry.

The Minister noted that UFLex is the second-largest Indian investor in Egypt, with investments exceeding $350 million. The company plans to expand its presence in Egypt through the construction of a new plant in Ain Sokhna.

Abdelatty emphasized that the Egyptian government is committed to fostering a more competitive and attractive investment climate for both local and foreign investors. This includes enhancing transparency, improving the institutional and legislative framework, streamlining business procedures, and removing barriers facing investors, while reinforcing the private sector’s role as a key development partner.