India and Egypt have had a strong link for centuries

IIPM Programme :- SUPERIOR COURSE CONTENTS

What potential does Egypt hold for Indian business houses?
If you consider India, particularly, then India and Egypt have had a strong link for thousands of years and this cultural legacy has helped Egypt to become unique for India. We offer cheap skilled labour, and the geographical richness makes Egypt one of the best place for investment.

Both India and China have adopted different strategies for Africa. Which is a better approach?
We think both the approaches by India and China are equally important for Egypt and Africa. Egypt needs both FDI in heavy industry like iron ore and at the same time buoyant entrepreneurs from India who can develop the economy. The aim should be in making a win-win situation and in such condition; both the approaches will keep on helping African economy.

Is Africa becoming the new testing ground for India Inc.’s ‘brand’ war with corporate China?
I think Mr. Manmohan Singh in the India - Africa Summit, made it very clear that India is not competing against China in Africa, rather both of them are complimentary and Africa always welcomes those countries, which work for the benefit of this continent. In Egypt, both India and China have been contributing and working on different grounds and we don’t see that there’s a ‘brand’ war.

What, according to you, are reasons behind their (India and China) renewed focus on Africa?
We don’t think that the focus is renewed but I think there are certain areas, where the focus has increased like in Iron ore, IT and textile. African Governments are facilitating the code of investment and in Egypt we have created a very strong banking system. We also organise exhibitions, last year we had 16 ministerial visits.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Now IIPM's World-Class Education... for everybody!!
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...