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Business News/ News / India/  PM Modi's Egypt visit sets stage for promising bilateral and economic ties
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PM Modi's Egypt visit sets stage for promising bilateral and economic ties

PM Modi's visit to Egypt is expected to boost bilateral ties and increase India's investment in the country. It may also help Egypt gain entry into the BRICS bloc.

Prime Minister Narendra Modi during his visit to Al-Hakim mosque in Cairo, Egypt, Sunday, June 25, 2023. (PTI)Premium
Prime Minister Narendra Modi during his visit to Al-Hakim mosque in Cairo, Egypt, Sunday, June 25, 2023. (PTI)

Analysts believe that Prime Minister Narendra Modi's two-day visit to Egypt is a potential ‘game-changer’ for bilateral ties between the two nations as it is expected to pave the way for a substantial increase in India's investment in the North African country and a ladder for Egypt to gain entry to the BRICS economic bloc, according to a report published by Al Jazeera. 

It is pertinent to mention that this is PM Modi's first visit to Egypt as prime minister and the first by any Indian prime minister since 1997. 

The visit comes months after Egyptian President Abdel Fattah el-Sisi's January visit to New Delhi when he was the chief guest at India's 74th Republic Day celebrations. El-Sisi was the first Egyptian president accorded the honor.

PM Modi's visit has been viewed as strengthening the bilateral relations the two sides had already elevated to a strategic level during el-Sisi's January visit.

“This is a very quick, reciprocal visit coming just within six months of President Sisi's visit to India. We do expect and are confident that the visit will not just ensure continuing momentum to the relationship between our two countries, but will also help expand it to new areas of trade and economic engagement," MEA Spokesperson Arindam Bagchi has said. 

The visit from Egypt's point of view is more about diversifying partnerships beyond the Western bloc. For India, observers have said it is to consolidate its position as a voice of the Global South as it gears up to host the G20 meeting in September in the capital New Delhi, ANI reported. 

India and Egypt have enjoyed close ties as they were the founding numbers of the 1961 Non-Alignment Movement (NAM), a global forum of 120 developing countries that believed in the non-alignment of major power blocs.

The two nations — India and Egypt — share similar values, aspirations, and their common pursuit of independent foreign policies in a multipolar world that remains an important and unique aspect of their historical narrative.

 

(With ANI inputs)

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Published: 25 Jun 2023, 02:57 PM IST
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