Piyush Goyal meets Egyptian Foreign Affairs Minister to explore avenues in AI, pharmaceuticals
New Delhi, May 15
Union Commerce and Industry Minister Piyush Goyal held a significant session with the Egyptian delegation, led by Badr Abdelatty, the Minister of Foreign Affairs of Egypt, to identify new areas for mutual growth. The meeting focused on strengthening economic ties and building more resilient global supply chains.
"Held a productive meeting with H.E. Dr. Badr Abdelatty, Minister of Foreign Affairs of Egypt. Discussed opportunities to deepen India-Egypt economic cooperation through enhanced trade & investment, connectivity, infrastructure collaboration & stronger business-to-business engagement," Goyal said on X.
The conversation also touched upon specific industrial sectors where both nations possess complementary strengths.
"Also, explored avenues in sectors such as pharmaceuticals, energy, logistics, digitisation, AI, tourism & manufacturing, while reaffirming our shared commitment to expanding the strategic partnership between the two countries," the Minister said.
Earlier, in a separate series of discussions, Goyal engaged with senior leaders and policymakers from Germany. These talks were geared toward reinforcing the India-Germany economic relationship while also addressing the broader India-European Union trade partnership.
"Held a productive discussion with senior leaders and policymakers from Germany on strengthening India-Germany economic cooperation and advancing the India-EU trade partnership. The discussions focused on strengthening the business environment, enhancing investment flows, and deepening collaboration across key sectors, including textiles, pharmaceuticals, renewable energy, mobility and manufacturing," Goyal said in a separate post on X.
Both sides expressed a desire to work more closely on manufacturing and renewable energy, which were identified as critical components of their future economic engagement. Minister Goyal highlighted that the discussions explored the expansion of bilateral trade, investment, and strategic cooperation across several high-growth sectors.
"Both sides acknowledged the immense potential for expanding trade, fostering innovation, and building resilient supply chains through closer partnership and stronger industry engagement," the Minister said.
— ANI
Reader Comments
It's encouraging to see India diversifying its trade partnerships beyond traditional allies. The focus on renewable energy and resilient supply chains is exactly what's needed in today's volatile global economy. Let's hope these talks translate into concrete agreements.
India-Egypt relations have deep historical roots - from the Nasser-Nehru friendship to our shared non-aligned movement days. Happy to see modern-day cooperation in cutting-edge fields like AI and pharma. But I hope we also discuss food security and agriculture, given Egypt's wheat imports from Ukraine situation. 🤔
This is the kind of diplomacy that actually benefits common people. More pharma partnerships could mean cheaper medicines for both countries. But I'm skeptical about AI cooperation - we need to ensure Indian talent doesn't get poached or underpaid. Let's see the fine print.
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