The President of Egypt, Morsi, will be in India on a state visit from March 18 to 21. The visiting dignitary will be accompanied by a high-level delegation of Ministers and business leaders.

Economic engagement between the two countries has been growing despite the tumult in Egypt. Bilateral trade has jumped 30 per cent to $4.5 billion from dollar $3.2 billion earlier. Officials say that the actual figure could be higher as the two countries follow different investment calculation periods.

Almost 50 Indian companies have a presence in Egypt including Aditya Birla, Kirloskar and Dabur. India is the seventh largest foreign investor in Egypt.

India and Egypt are in advance stages of talks for setting up a Centre for Excellence in IT.

(This article was published on March 14, 2013)
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