Egypt Eyes $12 Billion India Trade

Egypt has set an ambitious target of raising bilateral trade with India to USD 12 billion, nearly doubling current levels, as the two countries seek to deepen cooperation across energy, manufacturing, agriculture and strategic connectivity.

Speaking at a media interaction at the Foreign Correspondents’ Club of South Asia on January 22, Egypt’s Ambassador to India Kamel Zayed Galal said the present trade volume of around USD 5 billion does not reflect the true potential of the relationship. Indian investments in Egypt, currently estimated at USD 3.7 billion, are expected to cross USD 10 billion in the coming years, he said, urging Indian companies to view Egypt as a long-term strategic partner rather than a short-term market.

Energy, particularly renewable energy and green hydrogen, has emerged as a priority sector. Galal highlighted Egypt’s solar and wind potential, expanding infrastructure and access to major global shipping routes, positioning the country as a future hub for green energy production and exports. Fertilisers, agriculture and industrial manufacturing were also identified as areas where supply-chain integration could quickly boost trade volumes.

Egypt’s industrial zones and its free trade agreements with African and European markets were pitched as key advantages for Indian firms seeking wider market access.