Egypt and India Explore Mining and Petrochemical Cooperation
Egypt and India are discussing increased cooperation and investment in the mining and petrochemical sectors. Egypt aims to boost domestic fertilizer production to enhance food security and open new trade opportunities with India. Both countries see potential for joint ventures in exploration, manufacturing, and exports to Indian, European, and African markets.
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with India’s Minister of Health, Chemicals, and Fertilizers, Jagat Prakash Nadda, and the Indian Ambassador to Egypt, Suresh Reddy, to discuss opportunities for boosting cooperation and investments in the petrochemical and mining industries. The talks, held on the sidelines of the Global Congress on Population, Health, and Human Development in Cairo, highlighted Egypt’s efforts to increase domestic fertilizer production through new factories, aiming to enhance food security and open new avenues for trade with India. Badawi emphasized the potential for developing joint ventures across all areas of the petroleum and mining sectors, from exploration and production to export to Indian, European, and African markets. Nadda affirmed India’s interest in strengthening cooperation, especially in petrochemicals and phosphate fertilizers, as part of its food security strategy. He also revealed that Indian companies are keen to foster cooperation with the Egyptian petroleum sector. Both sides agreed to form a joint working group to advance industrial and trade cooperation.
