Egypt is keen to replicate India's success in information technology sector by upgrading its infrastructure in three cities, a senior minister said today.
"India has achieved great success in the field of Information Technology (IT). India, which has cities working in IT, exports IT products worth billions of dollars. We need this in Egypt," Egypt's Minister of Plenipotentiary Mongy Aly Badr said at the 12th CII-EXIM Bank Conclave on India-Africa Partnership here.
"We have a smart village in October city, but want to have other IT cities. We have to have IT Industrial projects in Alexandria, Al-Arish and Upper Egypt," he said.
India and Egypt ties are blooming, Badr told PTI.
An Egyptian delegation comprising 12 members from different banks and economic institutions is participating in the conclave.
India's investments in Egypt exceeded USD 3 billion, while Egyptian investment in India reached about USD 150 million, Badr said.
"Egyptian market is very rich as Egypt has partnered with many countries including in the EU and Arab World," he said.
The 12th edition of CII-EXIM Bank Conclave, which is organised by CII-EXIM Bank in collaboration with the Ministry of External Affairs and the Ministry of Commerce and Industry, is an annual event witnessing the participation of high-level official and business delegations from African countries.
The India-Africa Framework for Strategic Cooperation, issued at the third India-Africa Forum Summit held in 2015, recognises this India-Africa project partnership Conclave as a platform for bringing together Indian and African entrepreneurs and decision makers.
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