Prime Minister Narendra Modi may visit Egypt this month. Diplomatic sources have given information about this. According to this, PM Modi’s visit to Egypt will coincide with his visit to America. This will be his first visit to Egypt after becoming the Prime Minister in 2014. Egypt has traditionally been one of India’s most important trading partners in the African continent.
Sources said PM Modi’s visit is set to boost cooperation between the two countries in a number of areas, including trade, investment, agriculture and defence. However, so far no official announcement has been made regarding PM Modi’s visit to Egypt.
Significantly, India wants to further develop relations with Egypt. Egypt is a major player in the politics of the Gulf countries as well as countries in the continent of Africa. It is also seen as a major gateway to markets in Africa and Europe. In such a situation, India wants to further expand its relations with Egypt.
Egyptian President came to India in January
Before this possible visit of PM Modi, Egyptian President Abdel Fateh al-Sisi had visited India in January. He also attended the Republic Day as the chief guest. During this, both the countries had agreed to further expand the strategic partnership and relations. During the talks then both the leaders had decided to increase the bilateral trade from around USD 7 billion at present to USD 12 billion in the next five years.
According to official figures, there are over 450 Indian companies registered in Egypt. Out of which around 50 are active in different sectors. Their combined investments exceed US$ 3 billion. Defense and strategic ties between India and Egypt have deepened in the last few years.