Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack    Global pressure mounts as Gaza fighting intensifies and death toll surges    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    At TICAD, Egypt's education minister signs pacts with Casio, SAPIX    Egypt holds special importance for our investments across diverse sectors: Japanese minister    Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities    Madbouly invites Japanese firms to establish industrial zone in SCZONE    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Al-Sisi meets Qatar PM, Bahrain security adviser to discuss Gaza crisis, regional stability    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Delhi-Cairo economic ties soar, over 50 Indian companies now invest in Egypt
Published in Daily News Egypt on 30 - 07 - 2024

India Reaffirms Commitment to Deepening Strategic Partnership with EgyptIndia's External Affairs Minister, S. Jaishankar, joined the Egyptian Embassy in New Delhi to celebrate Egypt's National Day, underscoring the rapidly evolving strategic partnership between the two nations.
In his address, Jaishankar conveyed the Indian government's warmest wishes to the people and leadership of Egypt, highlighting the significant progress made in bilateral relations over the past year. He noted that the relationship, which was elevated to a strategic level during Prime Minister Narendra Modi's visit to Cairo in June 2023, has been living up to its new nomenclature with substance, activities, and enthusiasm.
Delving into the economic sphere, the External Affairs Minister drew attention to the remarkable intensification and diversification of India-Egypt trade and investment cooperation. He stated that more than 50 Indian companies have already invested in various sectors of the Egyptian economy, with pharmaceuticals, electronics, and green energy emerging as key focus areas. Jaishankar also expressed optimism about the opening of the Egyptian market to India's agro-exports, particularly wheat.
On the defence front, the EAM spoke about the expanding collaboration between the two countries, including regular bilateral exercises, as well as exercises between Special Forces, and frequent visits by Indian naval ships to Egyptian ports. He observed that the defence industries of both nations are refreshing an old tradition through new activities and collaboration.
Cultural cooperation was also highlighted as an important pillar of the India-Egypt relationship. Jaishankar appreciated the growing popularity of yoga in Egypt, a fact that was acknowledged by Prime Minister Modi during his Yoga address on the 2024 International Day of Yoga.
The External Affairs Minister also touched upon the close cooperation between India and Egypt at various international forums. He applauded Egypt's active participation in the G20 during India's presidency and reiterated India's strong support for Egypt's membership in the BRICS group of nations.
In a gesture of personal rapport, Jaishankar fondly remembered his warm and comfortable working relationship with the former Egyptian Foreign Minister, Sameh Shoukry, and expressed hope for developing a similar rapport with the new Foreign Minister.
Concluding his speech, the Indian External Affairs Minister emphasised the Indian government's unwavering commitment to taking the India-Egypt strategic partnership forward, underscoring the immense potential for further growth and collaboration between the two nations.
The National Day celebration was attended by senior Indian government officials, diplomats, business leaders, and members of the Indian and Egyptian communities, underscoring the strong ties and mutual respect between the two countries.


Clic here to read the story from its source.