Envoy: India to invest $700m in Egypt

CAIRO, 28 July 2022, (TON): New Delhi’s ambassador in Cairo has said “India looks forward to pumping additional investments into Egypt amounting to about $700 million in the coming few years.”

Ajit Gupte told a meeting of Egyptian and Indian businessmen in Cairo that Indian investments in Egypt currently stand at $3.15 billion.

He said “Indian companies are implementing a number of important projects in Egypt.”

Larsen & Toubro has implemented the Toshka 2 Wadi Halfa project for the transmission of electricity with a capacity of 220 kilovolts, while Sterling & Wilson has built solar power plants with a total capacity of 250 MW in five projects in Aswan, at a value of $250 million.

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