Press Release No. 38

27 July 2010

Visit of Indian Chemical Industry [CAPEXIL] delegation to Egypt

A trade delegation from the Chemicals and Allied Products Export Promotion Council of India (CAPEXIL) led by Mr. S. Sengupta, Deputy Director, CAPEXIL is currently in Egypt to explore avenues for increase in commercial exchanges between India and Egypt. The delegation represents 12 Indian companies in the sectors of granite and natural stones, ceramic and sanitary wares as well as non-mineral products such as auto tyres, tubes and related products including auto belts and other rubber and stationary products.

The delegation is holding a Buyer Seller Meet at Ramses Hilton at 1800 hrs on 27^th July, 2010 and another BSM at Alexandria Chamber of Commerce on at 1100hrs on 28^th July, 2010. The delegation had a very successful visit in December, 2009 to Egypt and had fruitful discussions with Egyptian businessmen. Now the CAPEXIL delegation is following up again to identify areas where they could cooperate in mutually beneficial ways.

During the year 2008-09, India exported granite and natural stones worth over 1.4 billion USD. Exports of auto tyres and tubes from India were over 700 million USD. Other items of exports dealt with by the members of visiting delegation also attract significant interest given their price competitiveness while retaining the high quality standards.

Egypt has traditionally been one of India’s most important trading partners in the African continent. During the year 2008-09 India was 12^th largest source of Egyptian imports while India ranked 5^th in the list of top target countries of Egyptian exports. The governments and the business communities in India and Egypt are working closely to promote the dynamism in bilateral economic relations. The visit of the CAPEXIL delegation is part of the efforts to expand commercial and economic relations between India and Egypt.