Egyptian Markets Set to Tap Indian Market

  • Kapci Coatings, an Egyptian company making auto refinish products, is planning to invest around $50 million in five factories across India. Hatem Tageldin, Ambassador of the Arab Republic of Egypt to India, said Kapci India already had considerable market share and hence decided to expand its operations in the country.
  • Other Egyptian companies were either planning or already investing in manufacturing facilities to tap the potential of the Indian market.