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Egypt a bridge between Asia and Africa: PM Modi

Indian businessmen have invested nearly $3 billion in about 50 companies in Egypt

Policy Pulse
Publish Date: Sep 2 2016 2:19PM | Updated Date: Sep 2 2016 2:19PM

Egypt a bridge between Asia and Africa: PM Modi

A joint press conference held on Friday, between Prime Minister Narendra Modi and Egyptian President Abdel Fattah Al-Sisi. “We have agreed to build on multiple pillars of our relationship,” PM Modi said in the conference.

 

“Egypt is a natural bridge between Asia and Africa,” Prime Minister Narendra Modi said. “President Abdel Fattah Al-Sisi and I held extensive discussions on the shape and substance of our partnership,” he added.

 

"We also agreed on our defence and security engagement which would aim at greater information and operational exchanges to combat terrorism," Modi said, adding that the growing radicalisation and terror pose a threat not only to India and Egypt but to the world.

 

Egyptian President Abdel Fattah Al-Sisi is on a three-day visit to India. Sisi is accompanied by a high-level delegation comprising ministers, top officials and business leaders.

 

India and Egypt have a strong economic relationship. India is the sixth largest trading partner of Egypt; the second largest export destination. India's imports from Egypt were worth $1.74 billion during 2014-15.