Sisi’s visits to India give new impetus to bilateral relations

Gupte’s remarks came in a statement he made on Tuesday evening at a celebration hosted by the Indian Embassy in Cairo to mark the 75th anniversary of the establishment of diplomatic relations between India and the ‘Egypt.

The event was attended by Deputy Foreign Minister for Consular Affairs Salah Abdel Sadeq, Vice President of the Cairo Chamber of Commerce Sameh Zaki, and Editor-in-Chief and Chairman of the Board of Directors of MENA Ali Hassan, as well as a host of media personalities, journalists and businessmen.

The Indian diplomat said his country is cooperating with Egypt on climate change, noting that a large Indian delegation will attend the 2022 United Nations Climate Change Conference (COP27) scheduled for November in the seaside town of Sharm El Sheikh.

The Indian Ambassador shed light on the visits exchanged between officials of the two countries over the past few years, including the visit of former Indian Foreign Minister Sushma Swaraj to Egypt in 2015 and the visit of the Egyptian Foreign Minister foreigners Sameh Shoukry in India in 2018.

He also highlighted the phone calls between President Sisi and Indian Prime Minister Narendra Modi during the coronavirus pandemic, as the two leaders expressed solidarity with each other in fighting the disease through cooperation. mutual.

Gupte expected the political, economic and cultural relations between India and Egypt to see significant progress in the near future.

Regarding advanced economic ties, the Indian Ambassador said that the trade volume between India and Egypt increased by 75% in 2021/2022 to reach $7.26 billion.

In this regard, he said that about 50 Indian companies are working in Egypt with total investments of $3 billion in the sectors of garments, agriculture, chemicals, energy, automotive and retail.

Gupte explained that these companies provide direct employment to nearly 38,000 Egyptians.

He went on to say that Indian companies are looking to inject additional investment worth $700 million into the Egyptian market as several Indian companies have shown interest in green hydrogen and green ammonia projects. , citing the recent memorandum of understanding signed by the Renew-Power company to invest around 8 billion USD in this clean energy source.

He noted that India and Egypt are set to organize a number of artistic events on the occasion of the 75th anniversary of the establishment of bilateral diplomatic relations.

For his part, the Deputy Foreign Minister praised the depth of Egyptian-Indian relations, which he described as a model for international relations.

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