Minister of Industry Khaled Hashem said Egypt is seeking to launch an Egyptian-Indian industrial integration platform that would bring together companies from both countries to identify opportunities for joint production, component exchange, supplier development and manufacturing for export to regional markets.
He noted that Egypt has the potential to become a hub for manufacturing Indian products targeting Middle Eastern and African markets, particularly products aimed at middle-income segments, where Indian companies have extensive experience in producing high-quality goods at competitive costs.
Hashem made the remarks on Friday, August 7, 2026, during a meeting with Indian Minister of Commerce and Industry Piyush Goyal on the sidelines of the BRICS Industry Ministers’ Meeting in Jaipur, India. The meeting was attended by Egyptian Ambassador to India Kamel Galal and Assistant Minister of Industry for International Cooperation Ahmed Maghawry.
The two ministers discussed ways to expand industrial and investment cooperation and establish productive partnerships that capitalize on the industrial capabilities and technological expertise of both countries. Hashem said the current level of industrial cooperation between Egypt and India does not reflect the significant potential and opportunities available in both countries.
He noted that the two countries share several development priorities, including supporting small and medium-sized enterprises, developing rural areas, streamlining procedures, increasing industry’s contribution to economic growth and employment, deepening local manufacturing and diversifying supply chains.
He added that Egypt seeks to benefit from India’s experience in reforming the regulatory environment to better support economic activity, simplifying procedures for investors and manufacturers, and reducing administrative burdens on small and medium-sized enterprises.
He also highlighted Egypt’s interest in attracting additional Indian investments in targeted industrial sectors and expanding cooperation with Indian SMEs that possess technologies and products capable of meeting the needs of the Egyptian and African markets. The minister highlighted several promising areas for industrial cooperation between the two countries, including automotive and auto components, pharmaceuticals and medical devices, renewable energy, fertilizers, phosphate- and mineral-based industries, machinery and equipment, engineering industries, financial technology and industries supporting SMEs.
The two sides agreed to prepare a joint study to identify priority sectors for industrial and investment integration, in cooperation between relevant Egyptian authorities and Invest India. The study will examine market needs, value chains, joint manufacturing opportunities, investment incentives, and tariff and non-tariff barriers.