New Delhi, October 18 (IANS). According to a latest report, the strategic dialogue between India and Egypt will enhance bilateral partnership with immense potential for cooperation in electric vehicles, food security, defence, technology and startups.
Quoting Mudassir Qamar, Associate Professor of West Asian Studies, Jawaharlal Nehru University, Arab News said in its report that there is immense potential to improve relations between the two countries, including in emerging and niche sectors like startups, renewable energy, AI, fintech, electric vehicles, food security, etc.
The report said investment, energy and defense ties are the most important areas of cooperation.
Egypt is keen on investment by Indian companies to meet local market needs and expand exports, especially through the Suez Canal Economic Zone, which offers extensive investment incentives and various tax and customs exemptions.
Foreign Minister S. India and Egypt are seeking to increase cooperation in startups, fintech, cyber and artificial intelligence, Jaishankar said on Thursday after his first strategic dialogue between the two countries.
Egyptian Foreign Minister Dr. Badr Abdelati reached New Delhi on a two-day visit, where he met Foreign Minister S. Co-chaired the India-Egypt Strategic Dialogue with Jaishankar.
External Affairs Minister Jaishankar appreciated the intense cooperation since the establishment of the India-Egypt Strategic Partnership in 2023. He said both sides discussed enhancing cooperation in political, economic, defence, maritime and counter-terrorism areas.
Former ambassador Anil Trigunayat told Arab News that the two sides agreed to explore investment opportunities in digital public infrastructure, fintech, pharmaceuticals, start-ups and innovation, as well as renewable energy.
Describing the Suez Canal Economic Zone as a major investment opportunity for Indian companies, Egyptian Foreign Minister Abdelati said the transcontinental nation is keen to create an Indian industrial zone along the Gulf of Suez, northwest of the Red Sea.
–IANS
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