Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home International

Egypt's Morsi wants India to join Suez Canal corridor project

Tuesday March 19, 2013 06:39:19 PM, IANS

Related Article

India to set up IT centre in Cairo's Al Azhar varsity

India and Egypt Tuesday inked seven agreements, including for setting up a centre of excellence in Information Technology at Cairo's Al Azhar   

Egyptian President Morsi to arrive on three day India visit Monday

I

New Delhi: Egypt Tuesday pushed for India to join its ambitious Suez Canal corridor project as Indian Prime Minister Manmohan Singh and Egyptian President Mohamed Morsi met here for talks to forge closer cooperation in economic and other fields.

Morsi, Egypt's first democratically elected president who came to India after a day-long visit to Pakistan, said he welcomed India's contribution in the Suez Canal corridor project that is aimed to become a bridge connecting Africa with Asia.

Speaking to the media after a meeting with Prime Minister Manmohan Singh, Morsi said the corridor project once ready would make Egypt a hub for India's exports to the West and boost Indian exports to $200 billion.

The 190-km corridor project aims to turn the Suez Canal banks into a global economic zone and earn billions of dollars in revenue for Egypt. The European Bank for Reconstruction and Development (EBRD) has offered to invest Euro one billion in the project.

Morsi said in his talks with Prime Minister Manmohan Singh both sides had agreed to reinforce bilateral relations in various areas, including political, economic, military, cultural and tourism and "agreed to promote ties till they reach the level of strategic partnership".

India offered to share its experience in the field of IT, renewable energy, services, electronics, small and medium enterprises, manufacturing and fertilizers. Both sides inked seven agreements, including five MoUs, in the field of cyber security, Information Technology.

India is setting up a solar energy project in a village in north Egypt and also setting up a centre of excellence in IT at the well known Al Azhar University.

Morsi, who is facing troubles back home with a court ordering cancellation of the April 22 parliamentary elections, thanked India and its people for support for his country post the 'Arab Spring' revolution two years ago.

He said bilateral trade, despite the political tumult in his country, had grown to $5.5 billion, growing $2.5 billion in the past one year alone. Morsi, who has brought along a high-level delegations comprising seven minister-level officials and top business heads, said Egypt was keen to attract more Indian investment.

Prime Minister Manmohan Singh said India "deeply appreciates" the fact that Morsi has undertaken a state visit to India despite his pressing domestic commitments. "This is a reflection of his personal commitment to our relationship," he said.

The prime minister conveyed India's full support to Morsi and "offered to share our experience as he ably leads his nation in building strong institutions and frameworks for democracy, social justice and inclusive economic development".

He said Egypt's location "as a bridge between Asia and Africa, astride a major global trade route, together with its skilled human resources, makes it an attractive business destination for India".

Both sides have agreed to foster productive partnerships in socio-economic development programmes, skill development, higher education, agriculture and health care and also agreed to enhance defence exchanges and cooperation.

On Palestine, Manmohan Singh conveyed India's support to the Palestinian cause and expressed deep appreciation for the role played by Egypt in trying to forge unity between the Palestinian groups - Hamas and Fatah -- and work towards a peaceful resolution.

On Syria, both sides condemned the violence and agreed on the urgent need for a peaceful resolution of all issues through dialogue.

Both sides also agreed to intensify efforts on issues that affect developing countries, and increase coordination in various international forums, including the United Nations, G-77 and the Non Aligned Movement.

India and Egypt are founders of the Non-Aligned Movement and the two countries shared a very close relationship till the sixties during the time of Indian prime minister Jawaharlal Nehru and Egyptain President Gamal Abdel Nasser. But the relationship cooled off thereafter and the 30-year rein of previous president Hosni Mubarak were not marked by close ties.

Morsi has been keen to take Egypt's foreign policy away from its pro-West orientation and shift the focus back to Asia and the developing world.


 

 

 

 



 

 



 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

More Headlines

India to set up IT centre in Cairo's Al Azhar varsity

Bedlam in Kashmir assembly over Afzal resolution

Handover Ismail Yusuf College land to Muslims: Abu Asim Azmi

Amid the glitz and glamour, India's sad handloom story

DMK pulls out of UPA, rules out outside support

JK assembly speaker rejects Afzal Guru resolution

Babri Masjid demolition, Gujarat riots acts of terror: Cong minister

Scientists develop new gel-based drug delivery system

Juvenile's age should depend on emotional maturity: Swamy

The Prophet's message of peace with roses: Students promote in US

 

Top Stories

UPA in crisis

DMK pulls out of UPA, rules out outside support

DMK chief M. Karunanidhi Tuesday quit the Congress-led UPA and its government expressing dismay on India's stand over Sri Lanka at the United National Human Rights Council (UNHRC).   

Markets crash as DMK quits UPA

Congress meets after DMK pullout; Chidambaram says govt stable

 

  Most Read

Nepal reducing poverty faster than India: Oxford study

Nepal and Bangladesh are reducing poverty faster compared to India, according to a new study based on the multidimensional poverty index developed at the University   

People Without History: India's Muslim Ghettos

100 million more Indians now living below the poverty line

Delhi's Shame

Four Class 11 boys detained for raping classmate

Four juveniles were detained here for sexually assaulting a girl who studies with them in Class 11, said police Monday. The four juveniles, aged 16-17, were  

Anti-rape law: Age of consent to be raised to 18 years

 

  News Pick

Mulayam a goon, has terror links, says Verma; Angry SP wants him out

Samajwadi Party members disrupted both houses of parliament Monday, demanding union Steel Minister Beni Prasad Verma's sacking for allegedly saying their party chief Mulayam Singh Yadav  

BJP's march to Dhaka stopped in Tripura

Over 800 BJP workers were stopped in their bid to enter Bangladesh Monday to protest atrocities on minorities and join protestors demanding the death penalty for those convicted of war crimes in that  

Asaram Bapu's pre-Holi event turned violent, media persons manhandled

At least one media person was manhandled and his camera broken as supporters of spiritual leader Asaram Bapu clashed with political workers opposing a pre-Holi event in Navi Mumbai  

Ensure Italian ambassador doesn't leave India: SC

Italian Ambassador Daniele Mancini has lost its "trust", the Supreme Court said Monday and barred him from leaving India. The judges said  

 

Picture of the Day

President of the Arab Republic of Egypt Dr. Mohamed Morsy inspecting the Guard of Honour at the ceremonial reception, at Rashtrapati Bhavan, in New Delhi on March 19, 2013.

 

Recommend the story to your friends

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

The Funny Side

Education & Career

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.