DNA - June 2007

Hindu Business Line - June 2007

Recently, consumer products major Marico Ltd has captured 50 per cent market share in the Egyptian hair care market by acquiring two Egyptian brands. Mr Brajesh Bajpai, Marico's Country Head for Egypt, said that the country is a sourcing hub for North African region, Europe, Syria and Iraq. It offers advantages in terms of labour, manufacturing cost and lower custom duty. Indian companies in Egypt can leverage economical power tariffs, subsidised natural gas and motor fuel to their own advantage, he said.

Also on the Indian Embassy in Cairo site