The General Authority for Investment and Free Zones (GAFI) discussed on Sunday opportunities to expand Indian investments in Egypt during the Egyptian-Indian Business Forum, held alongside the Egyptian-Indian Business Council meetings.
The forum was attended by Minister of Investment and Foreign Trade Mohamed Farid, Indian Minister of Commerce and Industry Piyush Goyal, GAFI CEO Mohamed Awad.
Chairman of the Federation of Egyptian Chambers of Commerce Ahmed El-Wakil, President of the Federation of Indian Chambers of Commerce and Industry Vijay Sankar, and Indian Ambassador to Egypt Sunit K. Reddy were also present.
During the meeting, GAFI CEO Awad said Egypt hosts 1,040 Indian companies operating mainly in the industrial, services and information technology sectors.
He noted that their investments contribute to deepening local manufacturing, creating jobs, localising technology, boosting exports and increasing foreign currency reserves.
He stressed that GAFI prioritises supporting the expansion of existing Indian companies, whose success stories can encourage further investment and strengthen business partnerships between the two countries, building on their longstanding cultural ties.
Awad also outlined improvements to Egypt’s investment climate and the Authority’s digital transformation, highlighting the Investor Care platform and GAFI’s electronic portal, which provide investors with a unified gateway to services and information.
He further explained the advantages offered by free zones, investment zones and technology zones, which provide frameworks tailored to different investor needs.
He also highlighted the Golden Licence system, which enables investors to obtain the necessary licences and permits through a single approval, accelerating company establishment, construction and the start of production.
