dailynewsegypt.com
Cairo-New Delhi trade exchange reaches $3.8bn in 7 months: Indian Ambassador
Growing cooperation between India, Egypt in defence sector shows high level of trust, mutual understanding between two countries
Nehal Samir January 19, 2022 Comments Off

B
ilateral trade between Egypt and India from April to October 2021 stood at $3.8bn, a y-o-y increase of 80%, with Egypt’s exports to India increasing by 63% during the same period and India becoming the largest export destination for Egyptian products, according to Ambassador of India to Egypt Ajit Gupte.
His remarks came during a press conference held on Wednesday on the latest developments in bilateral relations between Egypt and India.
Gupte said that the bilateral trade between Egypt and India and commerce was robust even in a year of reduced global economic activity and restrictions on movement due to the pandemic. 
He revealed that during the year, eight trade delegations from India visited Egypt and that several Indian companies enthusiastically participated in various exhibitions held in Egypt for the paper, pharmaceuticals, textiles, and food processing sectors. 
Leveraging technology, the ambassador said that throughout the year, numerous Buyers Sellers Meets (BSMs) were held through digital platforms when they could not be held physically. 
“The bilateral cooperation in the defence sector received impetus with the visit of India’s Air Chief Marshal V R Chaudhary to Egypt and his subsequent meeting with the Commander in Chief of the Egyptian Air Force, Air Marshal Mohamed Abbas Helmy,” he said.
Moreover, Gupte mentioned that the Indian and Egyptian Air Force also recently undertook their first ever joint air exercise, which was named ‘Ex Desert Warrior’ and involved air to air refuelling operations.  
Furthermore, India’s stealth frigate INS TABAR visited the naval port of Alexandria in September 2021 and undertook joint exercises and operations with the Egyptian navy. 
He revealed that in November 2021, over 10 Indian companies participated in the Egypt Defence Expo and showcased their state-of-the-art defence systems. 
“The growing cooperation between India and Egypt in the defence sector is a testament to the growing level of trust and mutual understanding between the two countries.” 
Gupte added that the year also witnessed vibrant cultural exchanges from both sides; a continuity of the centuries-old tradition of cultural contacts and exchanges between the two countries.
He concluded that the year 2021, in spite of the many challenges and difficulties brought forward by the pandemic and an uncertain global environment, was a highly successful and productive year for Indian-Egyptian bilateral relations, stressing that the two countries took major steps ahead to further strengthen and deepen their evolving relationship based on mutual trust and confidence. 
Gupta also mentioned that the Ministers of Foreign Affairs of the two countries met on the side-lines of the United Nations General Assembly in September 2021 in New York. Reflecting on both countries’ longstanding friendship, they agreed to bolster bilateral cooperation at all levels and exchanged views on pressing global issues from the GERD to Afghanistan. 
Topics: Indian Ambassador New Delhi
Nehal Samir
MORE IN BUSINESS
MORE IN NEHAL SAMIR
Featured Video
Xi Impression: A man who has led China to create unprecedented achievements
Editorial Pick
UAE President Sheikh Khalifa bin Zayed Al Nahyan dies at 73
Artists’ wages determined by success of their works only: Yousra
Opinion| Putin restores glory of czars and Biden is out of the scene
G7 ambassadors in Cairo rally behind Ukraine, urge Egypt to condemn Russian offensive
Latest News
TMG offers units with 25 years installments and immediate delivery in Al-Rehab and Madinaty
Ihab Galal settles on player lists in preparation for June camp
Lewandowski on Barcelona’s doorstep for $35m
OPINION
Opinion| Ukraine: The war continues
Opinion| Is there any benefit to the Egyptian private sector adopting the green transformation?
Opinion| Is the US involved in the revival of ISIS?
Opinion| Weathering the storm of economic shocks: Three precautions you need to know
MORE OPINION
Receive our daily newsletter
Subscribe