With Egyptian President Hosni Mubarak’s visit to India due later this year, both the nations are looking forward to re-strengthen their business and diplomatic ties. Investment and trade are going to be the dominant aspects which are likely to be discussed during the President’s visit to India. Egyptian minister for international trade, Rachid Mohammed Rachid’s upcoming visit to India, hence, holds immense importance for Indian business in Egypt.  

 

Indian companies have lately shown interest in tapping the business potential in Egypt. Keeping this in mind, Egypt may be planning to work out a special privately managed industrial zone with India, where Indian companies will be able to set themselves up in Egypt. Rachid who has been a global corporate honcho at Unilever has remarkably switched tracks of Egyptian foreign policy to let economics and politics be the driving force in the country. Hence Rachid’s forthcoming visit is seen as being symbolic of Egypt’s economic liberalization programme.