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Egypt India enhace economic cooperation

Mary Fikry

20 Nov 2014 1:18 pm

Potential investment propositions and opportunities for expanding economic cooperation between India and Egypt were the focus of recent talks between India’s ambassador to Egypt Navdeep Suri and Suez Governor Major General al-Arabi al-Shaarawi. The members of the Egyptian Chamber of Commerce expressed their interest in
attracting Indian investments, particularly in the fields of information
technology, recycling of waste material, green house projects and
ship-building.
Representatives from the Indian companies, who have already invested in
Suez, were also present during the meeting.
The Ambassador said that they also discussed potential investment
opportunities for Indian companies in the Suez Canal Development Project.
Suri invited the Egyptians to participate in the forthcoming international trade conferences and the Indo-Arab Partnership Summit in
India to attract Indian investments. The meeting, which was held at the Suez Chamber of Commerce and attended by
about 60 Egyptian businessmen, came during the “India Days” celebrations in Suez Governorate on 16 – 17 November. The celebrations were organised by the Maulana Azad Centre for Indian
Culture (MACIC), Embassy of India in cooperation with the Suez Governorate, Cultural Palace of Suez Governorate, Suez Chamber of Commerce and University of Suez.
Ambassador Suri was given a warm welcome at the Suez Cultural Palace by folk dancers from Suez. As part of the celebrations, the Indian Cultural Centre organised an exhibition of Indian handicrafts and musical instruments at the cultural palace. This was followed by distribution of prizes to the winners of the ‘Glimpses of India’ painting competition in which more than 600 students from over 35 schools participated from Suez.
A photography exhibition on India-Egypt relations, tracing the ties between the two countries over a century as well as an exhibition on Indian investments in Egypt was inaugurated by Ambassador Suri and Major General Sharawy during the celebrations.
Suri also visited University of Suez and had an interaction with the Deans
from seven colleges that are part of the University of Suez, professors and
representatives of the students.
When asked about the possible training opportunities and scholarships to be offered by the Indian side to the students of Suez University, the
Ambassador said that India had already established the pan-Africa e-network project, which offers tele-education and tele-medicine services.

Watani International
20 November 2014


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