Investments increase between Egypt and India in software and industrial field

Egyptian Minister of Trade and Supply Ahmed Goweili announced that, during the meeting of the Egyptian - Indian works' council, the two countries agreed on enhancing mutual investments between the two countries.

This will cover the fields of phosphate fertilizers, where Egypt possesses the raw materials and India is considered the market, to guarantee the merchandising of these products.

Goweili added that they agreed to cooperate in the fields of genetic engineering and medicine, as well as discussing the establishment of a joint institute for training and software development, as India exports about $1 billion dollars of software development to the Arab states annually.

He said Egypt has also agreed with India on cooperating in fields of iron and steel, textiles, designing clothes, leather industries, agricultural tools and food industries.