Sisi Modi discuss boosting trade to $12B
Egyptian President Abdel Fattah El Sisi and Indian Prime Minister Narendra Modi discussed strengthening economic and trade relations between Egypt and India, aiming to increase the total trade volume to $12 billion in the coming period. The talks focused on boosting Indian investments in Egypt, particularly in manufacturing, technology, clean energy, and the automotive industry, along with reviewing the investment incentives in the Suez Canal Economic Zone and industrial zones. The meeting also addressed cooperation in the fields of new and renewable energy, green hydrogen, pharmaceutical industries, and information technology. Emphasizing the importance of solidifying the strategic economic partnership, both leaders stressed the need to enhance investment movements between the two countries to achieve mutual interests on regional and international levels.
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