Egypt and Indian trade relations have been growing since past couple of years. From the current $3 billion, both countries are aiming to augment the bilateral trade volume to $10 billion.
Unlike the developed nations that got embroiled in the aftereffects of depression, and have been clocking negative GDP growth ever since, India and Egypt, on the other hand, are still are going strong.
India looks forward to gain a lot from Egypt’s expertise in number of sectors. More importantly, infrastructure development and desert agricultural methods are two areas which India seeks to tap into.
Egypt’s principal exports to India include: oil and gas. Notably, both countries are seemingly interested in switching towards renewable energy sources.
At present, India produces 8% of its energy requirements from renewable sources and hopes to enhance it to 20 percent by 2020.