Indo-Egypt Relations

[nrupatunga]

Meanwhile a key player in west asia/north africa and largest arab country i.e Egypt's president mohammed morsi is visting india starting from today.

----------------------------------------------------------------------

Trade on agenda as Egyptian President Morsi arrives Monday

Bilateral trade has notched up a "record increase" of 30 percent to $4.5 billion from $3.2 billion earlier. Calculated in the Indian fiscal year terms, it works out to $5.2 billion, said an official. Around 50 Indian companies, including Aditya Birla, Kirloskar and Dabur, have a presence in Egypt. Indian investment in Egypt is $2.5 billion, and it is also the seventh largest trading partner of Egypt.

Morsi is slated to hold delegation level talks with Prime Minister Manmohan Singh on Tuesday. Vice President Hamid Ansari, External Affairs Minister Salman Khurshid, UPA chairperson Sonia Gandhi and Leader of Opposition in the Lok Sabha Sushma Swaraj are to call on Morsi. President Pranab Mukherjee will host a banquet in his honour.

-----------------------------------------------------------------------------------------------


Morsi's India visit to boost trade and investment

Saeed Abdullah, at Egypt's ministry of industry and trade, said that the countries aim to increase trade to $8bn by 2015. India imports oil, natural gas, cotton and chemicals from Egypt, and exports frozen meat, rice, automotive parts, synthetic fibres, and light oils.


"I am hoping Brics would one day become E-brics, where E stands for Egypt," Mr Morsi said.

Mr Morsi's one-day trip to Pakistan yesterday was the first bilateral visit by an Egyptian leader since Gamal Abdel Nasser in the 1960s, Pakistan's foreign ministry said. Officials from the two countries signed agreements to promote cooperation in shipping, investment, information technology and science and technology.

Navdeep Suri, India's ambassador to Egypt, said in Cairo ahead of Mr Morsi's visit that India would assist Egypt in putting a nano-satellite into orbit.

 

[nrupatunga]

Egypt wants India to join Suez Canal corridor project

Speaking to the media after a meeting with Prime Minister Manmohan Singh, Morsi said the corridor project once ready would make Egypt a hub for India's exports to the West and boost Indian exports to $200 billion. The 190-km corridor project aims to turn the Suez Canal banks into a global economic zone

India is setting up a solar energy project in a village in north Egypt and also setting up a centre of excellence in IT at the well known Al Azhar University.

Manmohan Singh conveyed India's support to the Palestinian cause and expressed deep appreciation for the role played by Egypt in trying to forge unity between the Palestinian groups - Hamas and Fatah -- and work towards a peaceful resolution.

On Syria, both sides condemned the violence and agreed on the urgent need for a peaceful resolution of all issues through dialogue.

 

[Yusuf]

Play along I guess. Don't know what to make of this govt in Egypt. As long as it benefits India, use what comes our way.

 

[Overlord]