“Our bilateral trade was approximately $6bn during fiscal year (FY) 2022/23, thereby making India Egypt’s sixth largest trading partner,” according to the Ambassador. The Ambassador added that the bilateral trade has grown more than 5 times in the last ten years. The bilateral trade expanded by 75% to record an all-time high of $7.26bn in FY 2021/22. This was the first time ever that the President of Egypt was visiting India as Chief Guest for Republic Day. All these Ministerial visits laid the foundation for the unprecedented momentum in India-Egypt bilateral relations witnessed in 2023,” he continued.
