Indian Investments in Egypt
India companies have a strong and dynamic presence in Egypt and a number of Indian companies have become an integral part of Egyptian economy. Alexandria Carbon Black, for instance, is regarded as the world’s largest single location manufacturing facility for this important industrial ingredient. TCI Sanmar’s $1.2 billion plant in Port Said is one of the largest units of its kind in the region and has the potential to catalyse the growth of a substantial plastics industry that uses the PVC produced by them, TCI Sanmar will also inject another US$ 500 million to its business line soon. Flex Industries have established a state-of-the art manufacturing facility in 6th October City, the only one in Egypt that produces BOPET and BOPP films. Its products are used extensively in the food packaging industry. The Egypt India Polyester Company has invested USD 250 million in a major polyester resin plant that will produce a raw material needed to make plastic bottles, containers etc. KEC have built the tallest power transmission tower on the Nile in Kafr el Zyat in El Bheira governorate.
Other Indian companies have made a name for themselves in a host of different areas. On 3rd of May 2015, Pharmed Healthcare Co. opened a new plant for manufacturing Hetrosvir, a drug used in the treatment of Hepatitis C with a cost of LE 250 million. Kirloskar pumps are a household name in Egyptian agriculture; Bajaj three-wheelers are ubiquitous in rural and semi-urban areas; Dabur and Marico have recognized brands in the personal hygiene sector; Asian Paints/ SCIB is a market leader in paints; Velocity and Embee Group has emerged as a leading manufacturers of ready- made garments through its factories in Ismailia, Port Said and Alexandria; Pidilite makes its famous Fevicol brand of adhesives in Sadat City; EsselPropak produces flexible packaging for toothpastes and Ranbaxy started work on a pharmaceuticals facility after the 25th January revolution (Now it’s SUNPHARMA). Other Indian companies are engaged in areas like pollution control, railway signaling, water treatment, manufacture of auto-components and even seeds that are increasingly popular with Egyptian farmers.
Indian companies are providing direct and indirect employment to approximately 35,000 Egyptians. The direct employment generated by Indian companies is more than 21,200 and indirect employment more than 13,500. The top 5 Indian companies, most of them in labour intensive textile industry, alone provides direct employment to more than 12,800 Egyptians.
Major Egyptian investments in India:
El Sewedy Electrometer
El Sewedy group, Egypt started its manufacturing facility in Meerut, Uttar Pradesh for production of Electricity meters in November 2009 during the visit of Dr. Hassan Younes, Egyptian Minister of Electricity to India.
El Sewedy group has invested US$ 30 million in the first phase and has plans to further invest US $ 150 million in the second phase in 2013.
KAPCI Coatings has invested in January 2011 US $ 20 million to establish a paint manufacturing facility at Harohalli Industrial Area in Karnataka State of India. The factory is at present under construction. KAPSCI plans to produce 70,000 tons/year surface and decorative paints for automobile industry.
Modern Waterproofing Group is a multinational group of companies that dates back to 1953. It is engaged in manufacturing a wide range of products for the construction industry. The products cover a wide range of high quality bituminous torch-applied and self-adhesive waterproofing membranes and protection boards. Company owns production facilities in four different countries: Egypt, India, Morocco, and Qatar.