The first India–Egypt Strategic Dialogue has paved the way for deeper bilateral cooperation across key emerging sectors, including electric vehicles, renewable energy, fintech, food security, and defence.

According to a report by Arab News, experts highlight the “immense potential” in strengthening ties between the two nations, particularly in investments, energy, and defence collaboration. “There are significant opportunities in areas such as startups, renewable energy, artificial intelligence, and fintech,” noted Muddassir Qamar, Associate Professor at the Centre for West Asian Studies, Jawaharlal Nehru University.

Egypt is actively seeking Indian investments to serve its domestic market and boost exports through the Suez Canal Economic Zone (SCZONE), which offers attractive incentives, including tax and customs exemptions.

Following the dialogue, India’s External Affairs Minister Dr. S. Jaishankar confirmed that both countries are working to expand cooperation in startups, fintech, cyber technologies, and artificial intelligence. Egyptian Foreign Minister Dr. Badr Abdelatty co-chaired the meeting during his two-day visit to New Delhi.

Dr. Jaishankar welcomed the progress achieved since the establishment of the India–Egypt Strategic Partnership in 2023 and emphasized the discussions on enhancing collaboration in political, economic, maritime, and counterterrorism areas.

Former Indian ambassador Anil Trigunayat noted that both sides agreed to explore joint ventures in digital public infrastructure, pharmaceuticals, innovation, and renewable energy investments.

Highlighting SCZONE as a key opportunity, Dr. Abdelatty expressed Egypt’s interest in setting up an Indian industrial zone near the Gulf of Suez, north-west of the Red Sea, to further strengthen trade and industrial linkages between the two nations. (Source: IANS)