Growing India-Egypt relations will open doors for collaboration between the two countries in EV, renewable energy and fintech.

New Delhi, October 18 (IANS). According to a latest report, the strategic dialogue between India and Egypt will enhance bilateral partnership with immense potential for cooperation in electric vehicles, food security, defence, technology and startups. Quoting Mudassir Qamar, Associate Professor of West Asian Studies, Jawaharlal Nehru University, Arab News said in its report that there is tremendous potential to improve relations between the two countries, including in emerging and niche sectors such as startups, renewable energy, AI, fintech, electric vehicles, food security, etc. Egypt is keen on investments by Indian companies to meet local market needs and expand exports, particularly through the Suez Canal Economic Zone, which offers extensive investment incentives and various tax and customs exemptions. External Affairs Minister, S. India and Egypt are seeking to increase cooperation in startups, fintech, cyber and artificial intelligence, Jaishankar said on Thursday after his first strategic dialogue between the two countries. The Egyptian Minister of Foreign Affairs, Dr. Badr Abdelati, reached New Delhi on a two-day visit, where he met Minister of Foreign Affairs, S. Co-chaired the India-Egypt Strategic Dialogue with Jaishankar. Foreign Minister Jaishankar appreciated the intense cooperation since the establishment of the India-Egypt Strategic Partnership in 2023. He said both sides discussed enhancing cooperation in political, economic, defense, maritime and counter-terrorism areas. Former ambassador Anil Trigunayat told Arab News that the two parties agreed to explore investment opportunities in digital public infrastructure, fintech, pharmaceuticals, start-ups and innovation, as well as renewable energy. Describing the Suez Canal Economic Zone as a major investment opportunity for Indian companies, Egyptian Foreign Minister Abdelati said the transcontinental nation is keen to create an Indian industrial zone along the Gulf of Suez, northwest of the Red Sea. –IANS SKT/