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India-Egypt bilateral trade to top $12 billion in next 5 years: PM Modi

Prime Minister Narendra Modi held bilateral talks with Egyptian President Abdel Fattah El-Sisi on Wednesday

Prime Minister Narendra Modi
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PTI photo

BS Web Team New Delhi
India and Egypt have decided to strengthen defence industry co-operation and take bilateral trade to $12 billion in next 5 years, Prime Minister Narendra Modi said on Wednesday after bilateral talks with Egyptian President Abdel Fattah El-Sisi. 

Currently, the trade between the two countries is around $7.2 billion.

"We've decided to further strengthen defence industry cooperation, exchange of counter-terror information and intel," Modi said as reported by news agency PTI. "We have decided to take bilateral trade to $12 billion in next 5 years," he said.

Modi said that both the countries are concerned over security threats and are unanimous

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First Published: Jan 25 2023 | 2:25 PM IST

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