New
Delhi:
A new democratic Egypt is set to scale up bilateral cooperation
with India that will include robust trade and enhanced exchanges
in electoral training, media, youth and sports, says Cairo's envoy
Khaled el Bakly.
"India-Egypt relations go back thousands of years. We will not see
a major change. We have strong people-to-people relations that go
beyond institutions. Business is going on even without government
intervention," the envoy told IANS in an interview here.
"There will, however, be better cooperation and more opportunities
with the younger leadership in Egypt," Bakly said when asked if
bilateral ties will be transformed under the new dispensation that
took charge after long-time Egyptian leader Hosni Mubarak was
ousted under pressure from mass protests over six months ago.
"This was clear when the new foreign minister of Egypt came to
India on his first overseas visit. This shows that the new Egypt
is keen to expand its relations with India," the envoy said.
"With the new and young leadership in place, people in Egypt will
open (up) to the whole world," he said.
Egypt, poised to hold elections Nov 18, has sought India's
cooperation in sprucing up its electoral machinery, an issue that
was discussed during the visit of Egyptian Foreign Minister Nabil
Al Araby in May.
"India has offered electronic voting machines (EVMs) and indelible
ink and discussed the training of electoral officials. Egypt is
considering different offers from different countries," the envoy
said.
He believes that under the new regime, the Egyptian economy - "a
little bit closed with lots of monopolies" - will now open up more
and bring in fresh trade and investment opportunities for India.
"Our trade stands at $3 billion. We would be very keen to see
Indian companies working in Egypt's infrastructure. Other areas
that hold enormous potential are agriculture and agro-processing,
oil and gas, medical cooperation and lots of other areas."
Indian investments in Egypt are estimated to be around $2 billion
in areas such as IT, petroleum, oil and gas. Top Indian companies
like Essar, Reliance and the Tata group are planning huge
investments in Egypt, a country better known outside for pyramids,
pharaohs, and the Nile river cruise.
The real change, the envoy underlined, will be in the sphere of
expanded people-to-people contacts under a "young civilian
technocratic leadership" in his country. "The media was largely
controlled by the government. This is one area where we will now
see more cooperation with India," he said.
The youth will be a swing factor. "In Egypt, 65 percent of 84
million are below 25 and I believe that you also have similar
demographics. These are the new generations that will be
cooperating and working together. There will be more youth and
sports exchanges," he said.
Pointing to over $20 billion in foreign direct investment (FDI) in
the last six months since the 'Egyptian Spring' and the recovering
tourism industry, the envoy said the economic outlook is bright as
Egypt navigates its transition to an inclusive modern democracy.
"We expect to see a boom in tourism in the winter. Sharm el Sheikh
has started receiving 15,000 visitors every day. Lots of visitors,
dignitaries now want to go to Tahrir Square (the famous Cairo
landmark that was the centre of the popular uprising led by SMS-using
youth)."
The Nov 18 elections will be a landmark in the evolution of the
post-Mubarak Egypt. A road map has been firmed up to draft a new
constitution for the country. "After the elections, the new
constitution will be put to a referendum that will decide whether
we have a presidential system, parliamentary system or a mix of
both," he said.
(Manish Chand
can be contacted at manish.c@ians.in)
|