India and Egypt should unify their efforts to face challenges like terrorism, extremism and radicalisation, India's envoy here said today.
The historical bilateral relationship since the time of Mahatma Gandhi and Egyptian leader Saad Zaghloul is continuing to this time, Ambassador of India to Egypt Sanjay Bhattacharyya said.
India and Egypt should unify their efforts to face challenges like radicalisation, extremism and terrorism, he said during a business seminar on India-Egypt engagement at British University in Egypt (BUE) in the presence of Indian and Egyptian businessmen.
"India has 50 joint projects in Egypt. The total of Indian investments here is USD three billion. Trade exchange between Egypt and India was USD 5.6 billion but dropped recently due to the decline of global oil prices," Bhattacharyya said.
The seminar focused on potential areas for enhancement of bilateral trade and investments in the context of India's initiatives such as Make in India, Digital India, Skill India, Startup India Standup India and Smart City Mission.
The event provided investors with updates on Indian government policies and initiatives aimed at increasing the ease of doing business in India.
Ambassador Mahmoud Karem, advisor to the president of BUE for foreign affairs, said the seminar aims at discussing investment opportunities in the two countries.
Mostafa El-Fiki, former Egyptian ambassador to India and BUE board member spoke about his experience in India during 1997, saying India is one of the biggest industrial countries in Asia.
"India has a very dear part in our hearts," he said.
Indian government's representative Anna Roy gave a presentation about investment opportunities in India.
President of the BUE Professor Ahmed Hamad said the British university in Cairo, which started 11 years ago, not only provides education but also plays a society service role.
"We are happy to have here Egyptian and Indian businessmen to activate the successful Indian model that we are proud of as we hear about its great progress in IT and medicine industry," Hamad said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)