Page 10 - The Indiane EYE 070723
P. 10

OPINION                                                                   JULY 07, 2023  |   The Indian Eye 10


                            PM Modi’s Visit to Egypt:




              Building a Strategic Partnership





               with a Key Global South Partner







         The visit to Cairo primarily focused on three core areas of economy, defense and security issues.
         Deepening engagement in the economic sphere and, at the same time, strengthening defense and

                           security cooperation, with a particular emphasis on counter-terrorism



        PRASANTA KUMAR PRADHAN

              rime  Minister  Narendra  Mo-
              di’s visit to Egypt on 24–25
        PJune 2023 has significant impli-
        cations for the bilateral relationship
        between the two countries. During
        the visit, both countries signed three
        MoUs on Agriculture, Archaeology
        & Antiquities and Competition Law.
        Besides, India and Egypt also signed
        a ‘Strategic Partnership’.
            It must be noted here that both
        countries had agreed to forge a stra-
        tegic partnership between them in
        January 2023, when President Abdel
        Fattah El Sisi visited India and partic-
        ipated in Republic Day celebrations
        as the Chief Guest.
            In Cairo, Modi and Sisi discussed
        a range of bilateral issues including
        the economy, energy, defense and
        security ties. Additionally, President
        Sisi bestowed upon Prime Minister
        Modi the prestigious ‘Order of the
        Nile’, the highest civilian award in
        Egypt.
            The India–Egypt relationship                Prime Minister Narendra Modi being conferred with the highest state honour of Egypt, the ‘Order of Nile’,
        has experienced significant improve-                         by Egyptian President Abdel Fattah El-Sisi in Cairo last week (ANI)
        ment since the assumption of power
        by Prime Minister Modi and Pres-  great importance on its relationship   tion in the health sector will further   dedicated cluster in the industrial and
        ident  Sisi in 2014. Both the leaders   with Egypt. Geopolitically, Egypt   strengthen bilateral trade and com-  logistics hub” to India.
        intend to further strengthen ties and   actively engages in Arab politics and   merce. Both intend to double the bi-  This collaborative initiative  will
        revive the warmth between the two   holds a unique advantage due to its   lateral total trade to US$ 12 billion by   facilitate increased investment from
        countries that characterized their re-  strategic location connecting the Red   2028.                 India into Egypt while simultaneous-
        lationship in the past. President Sisi   Sea, the Suez Canal and the Mediter-  The Suez Canal is known as the   ly  benefitting  India  by  offering  en-
        has made three visits to India during   ranean Sea.                 economic lifeline of Egypt. India   hanced access to key markets.
        his tenure, demonstrating his com-    There is a lot of scope for fur-  intends to improve trade and in-  India–Egypt cooperation in the
        mitment  to strengthening bilateral   ther expansion of the bilateral trade   vestment with Egypt using the Suez   field of defense and security has re-
        relations. He participated in the In-  between the two countries. At pres-  Canal  Economic  Zone  (SCZONE).   ceived a special focus under the lead-
        dia–Africa Forum Summit in Delhi in   ent, the bilateral trade between India   This issue was discussed in January   ership of Modi and Sisi. India is keen
        2015, undertook a State visit to India   and Egypt stands at US$ 6.95 billion   2023 during Sisi’s visit to India. The   to strengthen its defense and securi-
        in 2016 and most recently in January   which is below the potential keeping   SCZONE has the potential to serve   ty corporation with Egypt. In recent
        2023.                             in view that both the countries are   as a strategic hub for India to access   years, there has been an accelerated
            Recognizing Egypt as a crucial   fast-growing economies. New areas   markets in Africa and Europe. Re-  military-to-military  engagement  be-
        political and military power in its ex-  of engagement such as renewable   cently, the SCZONE authorities have   tween the two countries. Indian naval
        tended neighborhood, India places   energy, food security and coopera-  announced their readiness to offer “a   Continued on next page... >>


                                                               www.TheIndianEYE.com
   5   6   7   8   9   10   11   12   13   14   15