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Egypt may allocate land to Indian industries in Suez Canal Economic Zone

Egyptian side considers the possibility of allocating a special area of land for Indian industries in the Suez Canal Economic Zone, the Indian side can arrange for the master plan, says the statement

Suez Canal
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Photo: Bloomberg

BS Web Team New Delhi
India and Egypt have reaffirmed their commitment to Non-Aligned Movement's (NAM) core values, international law, and the sovereignty and territorial integrity of all states, according to a joint statment released on Thursday.

The statement comes a day after Prime Minister Narendra Modi and visiting Egyptian President Abdel Fattah El-Sisi held wide-ranging talks covering bilateral, regional and global issues of mutual interest.

Regarding the economic ties, the statement said that the Egyptian side is considering the idea of designating a special area of land for Indian enterprises in the Suez Canal Economic Zone (SCEZ). It added that the Indian side can

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First Published: Jan 26 2023 | 11:36 PM IST

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