This article covers trade and investment between India and Egypt: the trade agreement, recent trade figures, the mechanisms that support commercial ties, Indian investment in Egypt, recent business agreements, and Egyptian investment in India. It is based on the MEA brief of April 2026, and figures are given as of that brief.

Trade agreement

According to the MEA brief of April 2026, Egypt has traditionally been one of India's most important trading partners on the African continent. The India-Egypt Bilateral Trade Agreement has been in operation since March 1978 and is based on the MFN clause.

Trade figures

The brief gives the following figures:

  • Bilateral trade touched a new high of USD 7.26 billion in FY 2021-22, registering a 75% increase compared to FY 2020-21.
  • For FY 2024-25, overall bilateral trade was US$4.8 billion, made up of US$3.42 billion of exports to Egypt and US$1.46 billion of imports from Egypt.
  • India was the 6th most important trading partner for Egypt in FY2024-25.

It does refer to two market access efforts: the inclusion of India in the list of accredited countries that can supply wheat to Egypt, and market access for Indian raw cotton in the Egyptian market.

Trade mechanisms

Bilateral mechanisms such as the Joint Trade Committee (JTC), the Joint Business Council (JBC) and Joint Working Groups facilitate trade and economic relations. The 6th Joint Trade Committee meeting was held in New Delhi in September 2024, and the 5th Joint Business Council meeting was held in Cairo in July 2022. A Joint Working Group on Trade and Investment was held by video-conference on 3 March 2021.

In March 2025, the Egyptian Minister of Investment and Foreign Trade, Mr. Hassan El-Khatib, visited India to speak at the Raisina Dialogue. During the visit, he met the Indian Commerce and Industry Minister, the Vice-Chairman of NITI Aayog, and several companies from CII and FICCI.

Indian companies at Egyptian trade events

The brief states that the Indian mission assists in organising fora for commercial collaboration, and that many Indian companies have visited Egypt to participate in trade fairs. Over 500 companies visited Egypt in 2025 and took part in several international exhibitions held there.

Since the beginning of 2026, 150 Indian companies have visited Egypt to take part in Business to Business Forums related to Pharmaceuticals & Health and in exhibitions such as PLASTEX. In December 2025, the Indian Embassy, together with Indian companies, organised outreach events to promote the AI Impact Summit and Indian Coffee.

Indian investment in Egypt

As of the brief, over 500 Indian companies are registered in Egypt, of which around 55 are active in various sectors, with a combined investment exceeding US$ 4.5 billion. They are active in sectors including apparel, agriculture, chemicals, energy, automobiles and retail. The brief states that these companies provide direct and indirect employment to approximately 45,000 Egyptians.

Major Indian investments in Egypt named in the brief include:

  • TCI Sanmar, with an investment of about US$ 1.6 bn
  • Alexandria Carbon Black
  • Kirloskar
  • Dabur
  • EmBee garments
  • Velocity Jeans
  • Flex P Films
  • SCIB Paints
  • Godrej
  • Tata Motors
  • Bajaj
  • Monginis

Recent business agreements

In September 2025, an MoU was signed between the Indian Institute of Foundrymen (IIF) and the Federation of Egyptian Industries to collaborate in metallurgy.

In December 2025, two further agreements were signed. The first, an MoU between the Taj Group of Hotels and the Egyptian General Company of Tourism and Hotels (EGOTH), concerns the management of the historic Intercontinental Hotel in Cairo. The second, between Zydus and GennVax, concerns vaccine manufacturing with Indian technology.

Egyptian investment in India

The brief puts Egyptian investments in India at US$ 37 million. The companies it names are:

  • ElSewedy Group (smart electrometers)
  • KAPCI Coatings (car paints)
  • Modern Waterproofing Group / Bitumode (waterproofing membranes and protection boards for the construction industry)
  • 700 Apps (IT Services)