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Envoy hails India-Egypt bilateral, trade links

Over 50 Indian companies have a strong presence in Egypt with investments worth over USD 2.5 billion.

Updated:October 21, 2014, 11:42 PM IST
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Envoy hails India-Egypt bilateral, trade links
Over 50 Indian companies have a strong presence in Egypt with investments worth over USD 2.5 billion.

Cairo: Over 50 large Indian companies have a strong presence in Egypt with investments worth over USD 2.5 billion, India's envoy to the Arab nation said.

Noting that the bilateral trade between the two countries has reached USD 4.94 billion in 2013-2014, Indian ambassador to Egypt, Navdeep Suri lauded the vibrant economic and political relationship between India and Egypt.

He also pointed out that more than 50 large Indian companies have a strong and dynamic presence in Egypt and they have invested more than USD 2.5 billion in the country.

The ambassador's remarks came during the 'India Day' celebrations in Minya Governorate, which was organised by the Maulana Azad Centre for Indian Culture (MACIC) with the cooperation of the Cultural Palace of Minya Governorate and the Chambers of Commerce.

As part of the celebrations, a photo exhibition on India-Egypt relations tracing the ties between the two countries for over a century as well as Indian investments in Egypt, was inaugurated by Suri and Major General Osama Daif, Secretary General of Governorate of Minya.

Following the exhibition, an interaction was organised at the governorate auditorium in which Suri delivered a speech on Indo-Egyptian relations.

Suri said the programme was part of outreach activities of the embassy to connect with Egyptians outside Cairo.

"I am extremely impressed by the goodwill and warmth of the senior officials and the people of Minya," he noted.

The speeches were followed by Indian Fashion and Dance show organised by students of the Maulana Azad Centre and Egyptian Folk Dance show by the Governorate.

Indian documentary films were screened and the ambassador handed out prizes to the winners of the 'Glimpses of India' Painting Competition that was held the previous day.

The ambassador also met with the Governor of Minya, Major General Salah Zayada as well as the Minya Chambers of Commerce to discuss the opportunities for expanding economic cooperation between India and Egypt.

The chambers of commerce expressed interest in attracting Indian investments, particularly in the mineral sector as well as learning from India's success in information technology.

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