First ever "Made in India Show" unfolds in Egypt

thecheers.org    2007-11-21 07:59:01    

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.
"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)
© 2007 ANI


TAGS: Africa   


more
Eight Muslim Brotherhood members detained in Egypt

At least eight members of Egypt's banned Muslim Brotherhood movement were arrested on Monday on charges of belonging to an outlawed group, security sources said.

Kibaki declared Kenyan leader amid clashes, protests (roundup)

Kenyan President Mwai Kibaki was declared winner Sunday amid reignited violence around the country after a tight, tense race was marred by allegations of fraud.

EU doubts "accuracy of result" in contested Kenya poll
30.Dec 2007
The European Union election observer team voiced concern Sunday over the vote t...read

Violence erupts as Kibaki reelected as Kenya's leader
30.Dec 2007
Kenyan president Mwai Kibaki was sworn in after being declared winner Sunday am...read

PROFILE: Mwai Kibaki returns to the helm in Kenya's closest-ever vote
30.Dec 2007
Kenyan President Mwai Kibaki was declared winner Sunday in the country's closes...read



Death toll in Alexandria building collapse reaches 35

Controversy over charges in Muslim Brotherhood trial arises

Kenyan electoral commissioner walks out, no winner announced

Kenyan parties trade accusations, violence continues

Kenyans vote in closest-ever polls amid fraud allegations