MII Cairo 2007 will showcase the products of over 100 corporates both from Public and Private Sectors. The prominent participating companies include Alexandra Carbon Black, CMC (Dubai), Godrej Consumer Products, Kirloskar Brothers, Tata Chemicals, Tata International, Tata Motors, Tata Projects, The Indian Hotels Company Ltd to name a few.
MII Cairo would be an ideal platform to explore business opportunities and open new vistas for broadening India-Egypt bilateral relations.
MII would also have a Hydrocarbon Pavilion Showcasing the strength of public sectors major such as GAIL (India) Ltd, Hindustan Petroleum Corporation Ltd, Indian Oil Corporation Ltd, O N G C Ltd, Oil India Ltd and Bharat Petroleum Corporation Ltd.
The Ministry of Science & Technology and Earth Sciences would be putting up a pavilion showcasing India Tech in MII.
Indian Auto components sector would also be well represented at MII with the presence of manufacturers such as Apollo Tyres, JK Tyres together with key auto components manufacturers from SME Sector.
Other sectors such as textile machineries and accessories and garment companies as well as the chemicals industries, banking and handicrafts would also be part of MII.
Egypt has traditionally been one of India's most important trading partners in the African continent. India-Egypt Bilateral trade amounted to $2.5 billion in the 2006/07 fiscal year.
India has now become Egypt's third largest trading partner, after the US and Italy and the largest importer of Egyptian products. India's exports to Egypt crossed $761 million while Egypt's exports to India, mainly oil and gas, reached $1,743 million.
India is the 12th largest foreign investor in Egypt with a total investment of approximately $ 700 million in close to 40 projects. Being a natural gateway to the Middle East and North Africa, Egypt has become the target of Indian companies seeking to invest in a large consumer market with inexpensive labor — with total Indian investments expected to soar to $1.5 billion by the year 2009.
Other major investments include Indian-Egyptian Fertilizers Company; Alexandria Carbon Black (ACB); Alexandria Fibre Co; Asian Paints set up in November 2002 a joint venture with SCIB Chemical, (Orascom Group), by acquiring a 60% equity stake; Gas Authority of India Limited (GAIL) has picked up an equity and management stake in two gas distribution ventures in Al-Fayoum and Cairo, as well as in Natgas; Housing Development and Finance Corporation (HDFC) in October 2004 facilitated the setting up of EHFC (Egyptian Housing Finance Company).
The Oberoi group has been operating hotels and Nile cruises successfully in Egypt. They have been managing Hotel Mena House for the last three decades. Other important Indian investments in Egypt include: ESSEL of India, Dabur India Ltd, Niletex, M/s. Auto Tech Engineering, Kirloskar Brother, Ranbaxy, Ashok Leyland.
Confederation of Indian Industry
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