Egypt-India bilateral trade rises

India-Egypt trade has witnessed a healthy increase of 33 per cent from $3.2 billion to $4.2 billion during the last fiscal, according to official trade figures. The data released by Egyptian Government for the financial year ending June 2012, said the trade performance is particularly significant in the context of prevailing slowdown. Indian exports to Egypt during the last one year increased by 29.36 per cent, rising from $1.5 billion to $1.94 billion, the data said. Major items of India’s exports include frozen meat, milled rice, cotton and synthetic yarn, light oils, sesame seeds, cathodes, carbon electrodes, pneumatic rubber tyres, among others. From gulftoday