Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.