India-Egypt change touched a report high of $7.26 billion throughout FY2021-22, and Indian investments in Egypt exceed $three.15 billion
Union external affairs minister S Jaishankar will go to Egypt from October 15-16 to review bilateral relations with the u . S .’s pinnacle management, and to promote exchange and investments with one of India’s biggest trading partners in Africa.
This could be Jaishankar’s first bilateral engagement in Egypt, and he could be visiting at the invitation of his Egyptian counterpart Sameh Hassan Shoukry. The ministers are anticipated to talk about quite a number bilateral, local and worldwide troubles of mutual interest, the external affairs ministry said on Thursday.
Egypt has been one of India’s biggest buying and selling partners in Africa and the merchandising of bilateral exchange, trade and investments might be one of the focus regions at some point of Jaishankar’s go to, the ministry stated.
India-Egypt exchange touched a report excessive of $7.26 billion all through FY2021-22, and Indian investments in Egypt exceed $3.15 billion. More than 50 Indian agencies are present in Egypt in quite a number sectors including production, chemical substances, strength, infrastructure and retail.
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The visit will “provide an possibility to check the entire gamut of our bilateral and multilateral family members and to exchange perspectives with the Egyptian management protecting whole variety of troubles of mutual hobby”, the ministry stated.
The visit additionally provides an opportunity to deepen cooperation and explore new projects within the bilateral partnership, it introduced.
Jaishankar will even engage with the Indian network in Egypt, inclusive of students, and deal with a meeting of the Egyptian and Indian commercial enterprise community.
India and Egypt historically “revel in heat and pleasant family members underpinned by means of ancient and cultural linkages”, and each countries are celebrating 75 years of diplomatic members of the family this 12 months. Egypt has been invited as a “visitor u . S .” at some point of India’s presidency of G-20 in 2023.