The Egyptian Ministry of Investment has said that Indian companies have expressed willingness to invest up to $400 million towards projects in power-generation, plastic, and real estate in Egypt. A statement issued by the ministry after the visit of President Mursi to India said that Egypt looks forward to strengthen trade and economic ties with India.The Egyptian Investment Minister Osama Saleh met with representatives from a number of economic institutions and Indian companies on Wednesday in New Delhi. He said that currently 352 Indian companies operating in Egypt, in the fields of petrochemicals, oil and gas, textiles and telecommunications and the Egyptian government is determined to attract even more firms.The Egyptian minister met with representatives of the Indian chemicals multinational the Sanmar Group, which currently holds investments in Egypt worth $1.3 billion in the canal cities of Port Said and Suez, and employs over 1,500 Egyptian workers. Sanmar Group representatives said they were planning to pump further investments in Egypt worth $300 million and build a plastic manufacturing company in the city of Port Said. Saleh assured that the disturbances in Port Said were temporary and would not put in danger the group's investments in the city.In addition, the Egyptian-Indian Polyester Company plans to expand its production lines in Egypt with investments worth $100 million, according to the press statement released by the Egyptian ministry of investment.The company currently operates a polyester production plant in the city of Ain Sokhna