Cairo, Nov 15 (PTI) Egypt on Sunday urged Indian businesses to consider setting up businesses in an investment zone here, as Egypt has parcels of land for the purpose.
Addressing businesses of India and Egypt, Egyptian Minister of Investment and Foreign Trade Mohamed Farid Saleh said his country supports and promotes investments in areas such as Suez Canal Economic Zone and Golden Triangle Economic Zone.
"We support our zones and that's why I would encourage you, as Indian businesses, to think seriously... (for) an Egyptian-Indian free zone, investment zone... according to your needs.
"...to have a specialised area whereby you can have Egyptian and Indian businesses operating together, building together, creating the culture together," he said.
Saleh added that Egypt has several parcels of land, including in the mainland country.
"We have several parcels of land that can be available to you, and we're here to help. And this is my message. We're here to help you to decide. If you manage to decide on it, we're going to make this happen because this would improve the relationships," he said.
The offer assumes significance as India and Egypt are looking at ways to enhance economic cooperation in areas like manufacturing, infrastructure, ports, logistics, and regional value chains.
Speaking at the session, Commerce and Industry Minister Piyush Goyal welcomed Egypt's offer and said he would ask Indian counterparts to examine the sites on offer.
