The Indian government plans to increase wheat exports to Egypt early next year, the Indian ambassador to Cairo, Ajit Gupte, said, pointing out to a decrease in wheat production rates in India by about 5 percent in 2022 in addition to an increase in domestic demand. In an interview with CNBC Arabia, Gupte added that the total Indian investments in Egypt amounted to $3.2 billion, pointing out that many Indian companies are seeking to increase its investments in Egypt during the coming period. Egypt plans increase the agricultural area cultivated with wheat to 7.5 million feddans in 2023, head of the Internal Trade Sector at the Ministry of Supply, Abdel Moneim Khalil, said at the end of July.
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