India and Egypt are intensifying efforts to expand bilateral trade to USD 12 billion by 2030 by deepening cooperation across digital public infrastructure, fintech, startups, artificial intelligence, logistics and manufacturing, experts said during an industry interaction held in Mumbai.
Dahlia Mohamed Nazih Mohamed Tawakol, Consul General of Egypt in Mumbai, said the relationship between the two countries has entered a new strategic phase backed by stronger policy coordination and investment facilitation.
“Egypt and India share longstanding historical bilateral relations,” Tawakol said, adding that the Strategic Partnership Agreement signed in June 2023 and the first round of the Egypt-India Strategic Dialogue held in October 2025 have further strengthened cooperation in digital public infrastructure, fintech, startups and artificial intelligence.
She noted that Egypt is focusing on improving the ease of doing business and supporting small and medium enterprises while opening up investment opportunities across key sectors.
“Egypt is focused on creating a more conducive business and investment environment while actively supporting small and medium enterprises. The country offers significant opportunities across renewable energy and green hydrogen, tourism and hospitality, agriculture and agribusiness, IT services and business process outsourcing, manufacturing, pharmaceuticals, healthcare, logistics and transportation,” Tawakol said.
Industry representatives highlighted Egypt’s strategic geographic position and industrial free zones as major advantages for Indian businesses seeking access to African, Mediterranean and Middle Eastern markets.
Vijay Kalantri, Chairman of MVIRDC World Trade Centre Mumbai and President of the All India Association of Industries, said bilateral trade currently stands at around USD 5 billion and both nations are aiming to more than double it by 2030.
“India and Egypt share a strong strategic partnership and enjoy steadily growing economic relations, with bilateral trade around USD 5 billion and a shared vision to cross USD 12 billion by 2030,” Kalantri said.
He also underscored the importance of maritime connectivity in enhancing trade competitiveness.
“Egypt offers significant opportunities in sectors such as logistics, manufacturing, tourism, natural resources, and connectivity through the Suez Canal, which continues to play a crucial role in global cargo movement, trade efficiency, and international competitiveness,” he added.
Participants at the event also discussed measures to improve business exchanges, including simplified visa procedures for investors and enhanced air connectivity between the two countries.
Dina Albahey said Egypt offers simplified visa procedures, including single-entry, multiple-entry and five-year visas for eligible applicants. Investors can qualify through shareholding or partnership contributions supported by recommendations from GAFI.
Dalia Hafez highlighted the role of improved air connectivity in supporting growing trade and travel ties between India and Egypt.
