India, Egypt discuss boosting investment flows, trade in digital services: Piyush Goyal
New Delhi, Aug 7
Commerce and Industry Minister Piyush Goyal on Friday said India and Egypt discussed measures to enhance two-way investment flows, strengthen bilateral economic cooperation and facilitate smoother trade in digitally delivered services during a meeting with Egypt's Minister of Investment and Foreign Trade Mohamed Farid Saleh.
Sharing details of the meeting with Dr. Saleh, on social media platform X, Goyal said both sides discussed measures to enhance two-way investment flows and reinforce bilateral economic cooperation.
The talks also covered steps to facilitate smoother trade in digitally delivered services. The meeting took place on the sidelines of the BRICS India 2026 Trade and Industry Ministers' Meeting.
"Held a meeting with Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, Egypt, on the sidelines of the BRICS India 2026 Trade and Industry Ministers' Meeting," Goyal stated.
"Discussed measures to enhance two‑way investment flows, reinforce bilateral economic cooperation, and facilitate smoother trade in digitally delivered services," he mentioned.
Meanwhile, earlier in the week, Goyal said that BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains and promote sustainable industrial growth.
Addressing the BRICS Industry Ministers' Meeting in Jaipur under India's BRICS 2026 Chairship on Thursday, Goyal said the discussions focused on the future of industrial cooperation and economic collaboration among BRICS member nations.
"Delighted to address the BRICS Industry Ministers' Meeting in Jaipur under India's BRICS 2026 Chairship, where we discussed the future of industrial cooperation and economic collaboration," Goyal stated.
"Emphasised that BRICS nations have a unique opportunity to strengthen manufacturing competitiveness, deepen technological collaboration, build resilient value chains, and promote sustainable industrial growth," he mentioned.
He said India highlighted its priorities of strengthening micro, small and medium enterprises (MSMEs), fostering startup innovation, expanding clean energy cooperation and building technology-enabled logistics ecosystems to drive sustainable industrial development.
— IANS
Reader Comments
Digitally delivered services is the future! India has immense potential in IT and software exports. Egypt could be a good gateway to Africa and the Middle East for Indian tech companies. Hope concrete agreements come out of this.
Interesting move. India positioning itself as a key player in BRICS. Digital trade with Egypt could open up North African markets. But we need to see actual numbers and implementation, not just talks. Actions speak louder than words.
Good initiative! India-Egypt ties have historical depth. With Egypt's strategic location near the Suez Canal, boosting investment flows makes complete sense. MSMEs and startup collaboration mentioned in BRICS meetings would also benefit local entrepreneurs. 👏
While these dialogues are welcome, I hope we also focus on trade facilitation for small businesses. Many Indian exporters face hurdles in emerging markets. Government should ensure that these ministerial meetings translate into simpler regulations for MSMEs.
Egypt is a crucial partner for India in the Arab world. With BRICS expanding, this is the right time to deepen economic cooperation. The focus on clean energy and sustainable industrial growth is particularly welcome. Hoping for long-term strategic outcomes. 🌍
Good to see India taking leadership in BRICS discussions. Digital
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