Jaishankar visit: India, Egypt explore opportunities in energy, trade & investment

India and key Arab state of Egypt on Saturday decided to explore opportunities in new and renewable energy; trade and investment, education, tourism and connectivity and agreed to promote independent thinking in a polarised world.

“Will explore opportunities in new and renewable energy; trade and investment, education, tourism and connectivity,” Foreign Minister S Jaishankar tweeted following hai meeting with his Egyptian counterpart in Cairo.

India also extended India’s support to Egypt for its COP27 Presidency.


“Recognised our exchanges in defence and security; capacity building; economic and commercial domains, including in IT, energy, pharma & health, agriculture, infrastructure, chemical, cyber security and SMEs,”
Jaishankar tweeted giving flavour of his dialogue.

Jaishankar further pointed out that bilateral cooperation in multilateral forums remains robust. He also welcomed Egyptian participation in G20 next year and in BRICS New Development Bank and SCO.

“As states active in shaping global debates, discussed developments in our regions and exchanged views on Ukraine conflict and Indo-Pacific. A polarized world needs independent thinking and voices of reason,” Jaishankar tweeted.

India-Egypt defence ties have received big boost this year and Jaishankar’s visit to Cairo was preceded by that of Defence Minister Rajnath Singh.

Egypt has been one of India’s largest trading partners in Africa and the promotion of bilateral trade, India-Egypt trade touched a record high of $7.26 billion during FY2021-22, and Indian investments in Egypt exceed $3.15 billion. More than 50 Indian companies are present in Egypt in a range of sectors such as manufacturing, chemicals, energy, infrastructure and retail.