India-Egypt Relations [ Detailed Analysis ]
India and Egypt, are the part of world’s oldest civilizations, and have enjoyed very close relations form ancient times. Even I modern times, Mahatma Gandhi and Saad Zaghloul shared common goals on the independence of their countries a relationship that was to blossom into an exceptionally close friendship between Gamal Abdel Nasser and Jawaharlal Nehru, leading to a Friendship Treaty between the two countries in 1955.
- The Non-Aligned Movement was natural collateral of this relationship. Major Egyptian exports to India include raw cotton, raw and manufactured fertilizers, oil and oil products, organic and non-organic chemicals, leather and iron products.
- Major imports into Egypt from India are cotton yarn, sesame, coffee, herbs, tobacco and lentils.
- India and Egypt share close political understanding based on long history of contacts on bilateral, regional, and global issues. Since 1980 there have been four prime minister who visited Egypt
- The year 2015 has been more intense political cooperation between two countries. PM of India Mr. Narendra Modi met President Sisi. Their talks focused on counter terrorism, deepening economic engagement, and regional issues.
- Deputy National Security Advisor Dr. Arvind Gupta visited Egypt in July 2015 and held talks with his Egyptian counterpart. Egyptian NSA Ms. Faiza Abou el-Naga met NSA and Defence Secretary at New Delhi in December 2015 and a MoU on cooperation between the Secretariats of NSCs of both countries was signed during the meeting
- India is the fourth largest trade partner of Egypt.
- In 2003, Indian giant Reliance signed a contract with the Egyptian general Petrol Corporation (EGPC) to import 8 shipments of crude oil in 2003. Two years preceding the contract, they had imported shipments from Egypt.
- In August 2004, the Indian company GAIL procured 15% of the Egyptian Company Nat Gas which deals with marketing and distributing natural gas in Egypt.
- Egyptian investment in India was at about US$30 million. El Sewedy Group, an Egyptian company, manufactures electric metres in India. Another Egyptian company, Orascom Telecom, used to have 10% stake in the then Hutchinson-Essar which has since been bought by Vodafone.
- The Oberoi Group has been managing a hotel and Nile cruises.
- Ranbaxy has an Egyptian subsidiary for manufacturing pharmaceutical formulations.
- In March 2008, Gujarat State Petroleum Corporation Ltd (GSPC) signed a Concession Agreement for two oil and gas exploration blocks in Egypt.
- In 2008, India’s KEC International Limited, received its largest order worth 636 Crore (US$95 million) from Egyptian Electricity Transmission Company.
- KEC International was engaged in a ₹60 crore (US$8.9 million) contract for supply of overhead transmission towers for the Egypt-Jordan Transmission Line.
- The ‘India by the Nile’ (IBN) annual cultural festival has emerged as the largest foreign festival in Egypt. IBN 2015 was inaugurated by Amitabh Bachchan.
- The International Day of Yoga was celebrated with enthusiasm In Egypt. There is also a growing interest in traditional medicine.
- Three streets in Cairo are named after Indian leaders namely, Mahatma Gandhi, Pandit Nehru and Dr. Zakir Hussein. There are two busts of Mahatma Gandhi
- India and Egypt enjoy strong ties that have contributed peace and development in both the countries.
- Where India is emerging as global power once again having stable democracy, growth in economic development and evolving science and technology, Egypt has been fighting with its internal security and stability.
- Egypt can provide India with new development and economic opportunities and on the other hand India will play an important role to provide Egypt its lost internal stability.
- Both countries have fought for the independence and have shared sweet friendship over the time.
- Published on: October 3, 2016