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

BS Web Team New Delhi
Suez Canal

Photo: Bloomberg

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 arrange for the master plan.

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

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