Indian Prime Minister Narendra Modi visited Cairo for a two-day journey to satisfy with Egyptian President Abdel Fattah el-Sisi.

Their discussions targeted on enhancing protection and financial cooperation between the 2 nations.

This go to is a part of an effort to strengthen the connection past historic and diplomatic ties and transfer in the direction of a strategic partnership.

Protection collaboration is a key space of curiosity for each India and Egypt.

India sees a possibility to supply its indigenous HAL Tejas fighter plane to Egypt, which plans to amass a big variety of gentle fight plane.

India’s Hindustan Aeronautics Ltd. (HAL) has proposed establishing a manufacturing line in Egypt, facilitating expertise switch and potential exports to different areas.

Moreover, India has introduced a complicated gentle helicopter and its fight variant for consideration.

Financial cooperation was additionally mentioned throughout the go to. Egypt seeks a barter settlement with India to conduct commerce with out counting on the U.S. greenback.

This might contain funds in rupees or by exports of fertilizer and gasoline, addressing India’s import wants.

There’s a risk of India extending a big line of credit score to Egypt as a part of a broader settlement.

Bilateral commerce between India and Egypt reached a report excessive of US$7.26 billion within the 2021-2022 fiscal 12 months, with a purpose of reaching US$12 billion throughout the subsequent 5 years.

Egypt is a vital provider of vitality commodities to India, together with crude oil and liquefied pure gasoline.

Egypt sees India, significantly the Asian market, as a promising vacation spot for its pure gasoline exports.

India views Egypt as a vital accomplice in its International South initiative, which goals to stability energy dynamics and shield the pursuits of growing nations.

Egypt’s political and strategic significance within the Center East and Africa, in addition to its historical past as a frontrunner within the Non-Aligned Motion, make it an vital ally for India.

Strengthening ties with Egypt additionally serves as a response to strained relations with neighboring China.

Total, Prime Minister Modi’s go to to Egypt signifies the intent to advertise peace and prosperity within the area by strategic cooperation between the 2 nations.