Egypt plans to allot land to Indian industries in Suez Canal Special Economic Zone. A joint statement released by the two countries at the summit meeting said that the Indian side can arrange the master plan for the proposal.
The proposal is in the context of India’s offer to encourage its companies to undertake overseas investments. Notably, Egyptian President Abdel Fattah El-Sisi was the Chief Guest for the celebration of the 74th Republic Day. This is for the first time that the President of the Arab Republic of Egypt was invited for the occasion.
