Egypt seeks further cooperation with India in financial inclusion, fintech

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Egypt is keen to enhance cooperation and exchange of expertise with India in the fields of financial inclusion and financial technology, Finance Minister Mohamed Maait said in a statement on March 12th.

Maait’s remarks came during his meeting with the Indian Ambassador to Cairo Ajit Gupte, where the minister expressed that India could benefit from the offered merits by the Suez Canal Economic Zone and the strategic location of Egypt as a re-export hub.

Egypt has become qualified to attract domestic and foreign investments, including an advanced infrastructure, and more stimulating opportunities for production in various sectors of national priority, Maait said.

Furthermore, Maait added that Egypt provides all aspects of support to the business community and the private sector companies amid the unprecedented global economic conditions.

In related news, Gupte met with Egyptian Minister of Agriculture and Land Reclamation Al-Sayed El-Quseir on March 10th.

El-Quseir voiced his country’s aspiration to increase exports to India and intra-trade between the two countries.

Gupte and El-Quseir agreed to prepare a memorandum of understanding (MoU) for agricultural cooperation, as well as to prepare for the Joint Agricultural Technical Committee in India in the near future.