Egyptian Minister of Planning and Economic Development Ahmed Rostom met with Indian Ambassador to Cairo Suresh K. Reddy on November 8, 2026, to discuss strategies for deepening their strategic partnership. According to Egypt Independent, the primary focus of the discussion was expanding cooperation in innovative financing and providing support for startup ecosystems in both nations. The meeting was framed as part of Egypt’s broader effort to strengthen international economic ties and investment flows.
During the session, Rostom highlighted India’s expertise in digital infrastructure and its ability to create environments conducive to startup growth. He emphasized that entrepreneurship serves as a critical driver for sustainable economic development, job creation, and productivity. Egypt Independent reported that the Egyptian government, through its ministerial group for entrepreneurship, is implementing an executive plan aimed at developing the sector. This plan includes initiatives targeting students and researchers, as well as financing mechanisms designed to encourage the emergence of new unicorn companies.
Ambassador Reddy provided specific data on the current state of bilateral trade, stating that India hosts over 240,000 startups. He noted that Indian firms have invested nearly $5 billion in Egypt, with these funds spread across approximately 55 factories that provide over 35,000 jobs for Egyptian citizens. Reddy also identified Egypt as a strategic regional hub for Indian businesses aiming to reach African and European consumers.
To facilitate further engagement, Reddy announced that preparations are advancing for a large-scale delegation of over 150 major Indian firms to visit Cairo. He stressed the importance of including financial technology firms and digital solution providers, such as the National Payments Corporation of India, in these delegations. Additionally, Reddy invited Rostom to visit India to discuss the country’s “Vision 2047” development plan and to participate in a startup conference organized by the National Association of Software and Service Companies.
The meeting concluded with both sides agreeing to institutionalize their cooperation by launching a “Joint Egyptian-Indian Startup Forum.” This permanent platform is intended to foster dialogue between young talent in the two countries and open new avenues for investment. The forum aims to ensure the sustainability of the partnership and facilitate its expansion into new economic sectors.