Cairo to host `Made in India’ business showNovember 19th, 2007 - 12:48 pm ICT by admin
New Delhi, Nov.19 (ANI): The Confederation of Indian Industry (CII) in association with the Embassy of India, Cairo is organizing a “Made in India” show in Egyptian capital Cairo from November 20 to 23 at the International Exhibition and Fair Grounds.
The exhibition is supported by the Egyptian Businessmens Association (EBA) Federation of Egyptian Chamber of Commerce and the Federation of Egyptian Industries (FEI). MII Cairo, Egypt would be jointly inaugurated by Egypt’s Trade and Industry Minister Rachid Mohamed Rachid and Ajay Shankar, Secretary, DIPP, Ministry of Commerce.
A 20-member CEOs delegation led by Rajive Kaul, Past President, CII & Chairman, NICCO Corporation will also visit Cairo. The delegation will call on Egyptian Ministers of Economy, Industry and Trade, Health and IT and interact with senior Egyptian businessmen through the Federation of Egyptian Industry, the Federation of Egyptian Businessmen Association, the Alexandria Businessmen Association and other professional organizations of the industry.
The four-day exhibition will also include a seminar on investment opportunities in Cairo, Egypt and in India as well.
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 and 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 dollars in the 2006/07 fiscal year. India has now become Egypts third largest trading partner, after the US and Italy and the largest importer of Egyptian products. Indias exports to Egypt crossed 761 million dollars while Egypts exports to India, mainly oil and gas, reached 1,743 million dollars.
India is the 12th largest foreign investor in Egypt with a total investment of approximately 700 million dollars 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 dollars by the year 2009. (ANI)
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