Egypt showing keen interest in strengthening ties with India along trade, especially in the Micro, Small and Medium Enterprises (MSME) sector, as there is huge potential for the two countries to explore in different categories of the MSMEs manufacturing different commodities.
The Egyptian Minister of Trade and Industry Tarek Kabil durring an interactive session with an Indian delegation led by the Indian Ambassador to Egypt Sanjay Bhattacharyya, listing possible areas of cooperation said that among different industries, textiles and leather could be of interest for enhanced involvements.
The Indian delegation met the Minister along the sidelines of Mactech Expo in the capital city Cairo.
Kabil informed that his office is working on building three big textile industry clusters, which will include more than 1,000 units. He further invited the Indian investors to invest in these projects.
Citing statistics, the Egyptian Minister informed that India is contributing in projects in Egypt with a capital of $3 billion in different sectors including textiles, energy and chemical industries.
The Egyptian Minister further added that the investors from India can take benefit of the various free trade agreements Egypt has signed with other African, Arab and European markets as well as Turkey and the Mercosur bloc.
Tokyo-based Teijin Frontier has developed a new multi-functional textile for sports and outdoor clothing that offers improved comfort and cooling…
In a major step towards reviving Telangana’s handloom traditions and environmentally responsible fashion, BRS Working President launched Singidi Collective.
The latest Mini models make wide use of recycled knitted fabrics in their interiors, combining simplicity, sustainability, and modern aesthetics.
BRM, a leader in the design and manufacturing of engineered woven fabrics, has highlighted its advanced webbing solutions developed for…
Himachal Pradesh has announced a new policy to encourage regulated cultivation of industrial hemp, promoting plans for sustainable textiles products.
Zhejiang Yanpai Filter Technology has placed a new order with Andritz for two additional high-performance needlepunch production lines.