New Delhi: India on Monday mentioned that greater than 50 Indian firms have already invested in numerous sectors of the Egyptian financial system, together with prescription drugs, electronics and inexperienced power. Addressing a ceremony organized on Egypt’s Nationwide Day in New Delhi, Exterior Affairs Minister Dr. Jaishankar mentioned, “Financial cooperation between India and Egypt is continually diversifying. Each side are searching for new alternatives for mutual profit. Greater than 50 Indian firms have already invested in numerous sectors of the Egyptian financial system, together with prescription drugs, electronics and inexperienced power.” On the event of Egypt’s Nationwide Day, the Overseas Minister mentioned, “Our IT business can also be establishing partnerships. We hope to develop it sooner or later. Egypt has additionally opened up as a marketplace for our agri-exports, particularly wheat exports. He mentioned that protection cooperation between the 2 nations has additionally elevated throughout the identical interval.” The Overseas Minister mentioned, “Since 2021, our air forces have been conducting common workouts bilaterally and in giant format. Our particular forces are additionally conducting their workouts. Since January this yr, Indian naval ships have been visiting Egyptian ports on a daily and frequent foundation. Our defence industries are reviving previous traditions by means of new actions and collaborations.’

He mentioned that as two previous civilisations, it’s pure that cultural cooperation occupies a outstanding place in our relationships. Jaishankar mentioned, ‘We all know that yoga could be very fashionable in Egypt. Prime Minister Modi himself talked about this throughout his yoga tackle on the final Worldwide Yoga Day. There’s additionally curiosity in studying Indian languages ​​and the dialogue between our universities stays sturdy.’