Indian Prime Minister Narendra Modi kicked off a two-day visit to Egypt on Saturday, June 24, 2023, a trip that underscores the growing ties between the two countries.
Modi’s flight landed at Cairo’s international airport Saturday afternoon, coming from a four-day trip to the United States where he held talks with President Joe Biden, delivered a speech to the US Congress, and met with top American and Indian executives.
It’s the first state visit to Egypt by an Indian prime minister since 1997.
Modi and Madbouly held talks on strengthening Egyptian-Indo ties, according to Egypt's state-run MENA news agency.
The talks were attended by senior government officials from both countries, MENA reported.
Modi also held talks with President Abdel Fattah el-Sissi on Sunday. The two countries would also sign a set of memorandums aimed at solidifying their ties.
In January, el-Sissi and Modi agreed on measures to increase the two-way trade in five years to $12 billion, up from $7.3 billion in 2021-22.
During el-Sissi’s visit, the countries also signed agreements on expanding cooperation in cyber security, information technology, culture, and broadcasting.
India is one of the top five importers of Egyptian products, including crude oil and liquefied natural gas, salt, cotton, inorganic chemicals and oilseeds.
Major Indian exports to Egypt include cotton yarn, coffee, herbs, tobacco, lentils, vehicle parts, ships, boats and electrical machinery.
More than 50 Indian companies have invested around $3.15 billion in various parts of the Egyptian economy, including chemicals, energy, textiles, garments, agri-business and retailing, according to India’s External Affairs Ministry.
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