India Wants to Boost Textile Trade with Egypt

India wants to further strengthen its ties with Egypt in textiles through trade and investment as textile products had played a key role in the growth of bilateral trade, Indian ambassador to the latter Sanjay Bhattacharyya said recently in Cairo. Twenty two Indian companies are participating in the ‘Cairo Fashion and Tex Exhibition’ that starts on March 8.

The Indian companies, led by the Cotton Textile Export Promotion Council (Texprocil), will showcase their products at the three-day show and meet entrepreneurs to appreciate the recent development in the Egyptian textile sector, according to a news agency report.

Texprocil had participated in the exhibition in March 2017 and has increased its delegation this time. India exported around $342 million worth of textile and clothing products to Egypt in 2017.

Cotton yarn was the dominant product in the export basket, valued at $163 million followed by man-made yarn fabrics valued at $121 million and cotton fabrics at $25 million, according to a Texprocil statement. (DS)
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