Egypt’s Finance Minister, Mohamed Maait, has expressed interest in collaborating with India in financial inclusion and financial technology. During a meeting with the Indian Ambassador to Cairo, Ajit Gupte, Maait suggested that India could benefit from the merits of the Suez Canal Economic Zone and Egypt’s strategic location as a re-export hub.
Maait highlighted that Egypt has an advanced infrastructure and more stimulating opportunities for production in various sectors of national priority, which has led to increased domestic and foreign investments. He also assured that Egypt provides all necessary support to the business community and private sector companies during these unprecedented global economic conditions.
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Meanwhile, Gupte met with the Egyptian Minister of Agriculture and Land Reclamation, Al-Sayed El-Quseir, to discuss increasing exports to India and intra-trade between the two countries. El-Quseir expressed his country’s aspirations and the two agreed to prepare a memorandum of understanding (MoU) for agricultural cooperation, as well as to prepare for the Joint Agricultural Technical Committee in India in the near future.
Maait’s statements were: “Egypt is keen to enhance cooperation and exchange of expertise with India in the fields of financial inclusion and financial technology”. He also stated, “India could benefit from the offered merits by the Suez Canal Economic Zone and the strategic location of Egypt as a re-export hub. Egypt has become qualified to attract domestic and foreign investments, including an advanced infrastructure and more stimulating opportunities for production in various sectors of national priority”.