Egyptian President Mohammad Morsi was given a ceremonial reception at the Rashtrapati Bhawan here Tuesday morning. He was received by President Pranab Mukherjee and Prime Minister Manmohan Singh. He inspected the guard of honour and also met members of the Indian Cabinet. During his stay in New Delhi, Morsi will hold delegation-level talks with Singh. He will also meet Vice President Mohammad Hamid Ansari, External Affairs Minister Salman Khurshid, leader of Opposition in Lok Sabha Sushma Swaraj and UPA chairperson Sonia Gandhi. President Morsi will also address a business event organized by the apex chambers of commerce of India. Bilateral trade has increased significantly in the recent years in spite of the political transition and currently stands at $5.5 billion. India is Egypt's 7th largest trading partner and second largest source of its exports. More than 50 Indian companies have presence in Egypt in various sectors and the cumulative Indian investments in Egypt is more than $2.5 billion. Both countries are keen to further deepen and diversify the growing bilateral engagement during the President's visit.
