Cairo, Nov.21 : "India is fast becoming one of the most flourishing economy, thanks to the process of economic liberalization and global integration. With Government encouraging investment in the country, an increasing number of international investors are tapping the booming Indian market as also the Indian investors are investing abroad like never before", said A. Gopinathan, India's Ambassador to Egypt.
He was speaking at the inauguration of the first-ever "Made in India Show" at the Cairo International Exhibition and Fair Grounds today.
Gopinathan further added that as bilateral trade and investments between Egypt and India are on the rise, we should look at strengthening the friendship and the economic ties for mutual benefit.
The show, it is hoped, will act as a window for investors in both countries to explore potential partnerships in India.
Mamdouh Moustafa, First Under Secretary, Egyptian Commercial Service, Ministry of Trade and Industry, stated, "India and Egypt have had a long-standing relationship and this is an attempt by both the countries to make a positive contribution to the industry by profiling the latest trends and developments in various sectors".
This four-day exhibition, organised jointly with the Embassy of India, Cairo, Department of Commerce, Ministry of Commerce, Ministry of Commerce and Industry, Government of India and Confederation of Indian Industry (CII), will showcase a comprehensive range of Indian products and services.
In his welcome address, Rajive Kaul, Past President, CII said that the "Made in India Show" in Cairo is a tribute to the Indian enterprise and entrepreneurship that have created the growth story in our country. It is this same spirit that we look upon to give a big leap forward to our bilateral economic relations.
He further mentioned the immense possibility for joint investments in the areas of SMEs, banking, information technology, telecommunications, high-technology sectors, power, pharmaceuticals and textiles.
Some of the exhibitors that are participating at the Show include Bharat Petroleum Corporation Ltd, CMC Ltd, CSIR, DSIIDC, DBT, GAIL (India) Ltd,, Indian Oil Corporation, J K Tyre and Industries Ltd, Kirloskar Brothers LTd, Marico India, Maruti Piston Pvt Ltd, NTC, Rites Ltd, Tata Chemicals Ltd, Tata Motors Ltd, Tea Board of India etc. (ANI)
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