Indian Economy News

India open to business, focused on working with Egypt: Dr. S Jaishankar

  • IBEF
  • October 17, 2022

According to Dr. Subrahmanyam Jaishankar, Minister of External Affairs, India is not only focused on doing business with Egypt but is also open to exploring other opportunities for cooperation between the two nations, both locally and internationally.

"My message to you today is not just that India is open to business, but that India is specifically focused on working with Egypt to see what difference we can make through our mutual benefit in the region and at the global level”, said Dr. Jaishankar.

He said this at the meeting of the India-Egypt Business Forum in Cairo, who is in Cairo on his first official visit at the invitation of his Egyptian counterpart, Mr. Sameh Shoukry.

One of India's most significant trading partners on the continent of Africa historically has been Egypt. According to the Indian embassy in Egypt, bilateral trade increased significantly in 2021–22, reaching US$ 7.26 billion, a 75% increase from 2020–21.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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