New Delhi, Oct. 17 -- India and Egypt have taken a major step toward deepening their economic partnership by agreeing to establish an Joint Business Chamber to expand bilateral trade and industrial cooperation.

The agreement was reached during a meeting in New Delhi on Thursday between Egyptian Minister of Foreign Affairs Badr Abdelatty and leaders of India's top business federation and major industrial companies.

The leaders include FICCI President Harsh Agrawal and UFLEX Group Chairman Ashok Chaturvedi.

The meeting focused on attracting new investments and strengthening Egypt's role as a gateway to global markets. During the meeting, FM Abdelatty underscored Egypt's readiness to attract further Indian investment, currently valued at ar...