Strengthening Ties and Investments: Indian Ambassador Highlights Growing Partnership with Egypt
Key Ideas
- Indian investments in Egypt reach $3.7bn, with a focus on green hydrogen among various sectors, showcasing strong economic ties.
- Egyptian investments in India amount to $37m, with notable companies like El Sewedy Group and KAPCI Coatings making significant contributions.
- The strategic partnership between India and Egypt has been bolstered through high-level visits, culminating in joint declarations and increased cooperation.
- India's support for Palestine, demonstrated through humanitarian aid shipments and a commitment to a two-state solution, further solidifies its diplomatic stance.
Indian Ambassador to Cairo, Ajit Gupte, highlighted the flourishing relationship between India and Egypt, emphasizing significant investments in Egypt totaling $3.7bn across various sectors, including green hydrogen. Conversely, Egyptian investments in India stand at $37m, with notable companies like El Sewedy Group and KAPCI Coatings playing key roles. The Ambassador praised the strategic partnership between the two countries, citing high-level visits and joint declarations that have elevated cooperation. Additionally, he mentioned India's support for Palestine, showcased through humanitarian aid shipments and a commitment to a two-state solution. The Ambassador also noted the celebration of International Yoga Day in Egypt, where Prime Minister Modi's speech on yoga resonated, and India's assistance to Gaza during the conflict further underscored India's diplomatic commitments.