President of Egypt Dr. Mohamed Morsy Visited India: Major Deals Signed

Mar 21, 2013 10:19 IST

The President of Egypt Dr. Mohamed Morsy visited India from 18 March 2013 to 20 March 2013. He was accompanied by his senior ministers as well as business delegation.

It is important to note that bilateral trade between India and Egypt increased in past few years and this stands at 5.5 billion US Dollars. India is also the seventh largest trading partner of Egypt as well as the second largest source of the exports. The cumulative investments of India in Egypt are over 2.5 billion US Dollars.

During the visit of the Egypt’s President, certain deals were signed which are as follows:

MoU on Cooperation in Information and Communication Technology

• This MoU was signed between Indian Minister for Communications & Information Technology, Kapil Sibal and Egyptian Minister of Communications and Information Technology, Eng. Atef Helmy.
• In the MoU, certain core areas were identified for cooperation. These included e-education, sharing experiences in creation of Technology Parks and IT clusters, e-governance, IT and electronics hardware as well as strengthening cooperation between ICT companies in private sector.
 
MoU on Cooperation in the area of Cyber Security

• This MoU was signed between Indian Minister for Communications & Information Technology, Kapil Sibal and Egyptian Minister of Communications and Information Technology, Eng. Atef Helmy.
• In the MoU, it was decided that expertise for exchanging the information on different aspects of cyber security would be shared. It was also decided that both the countries would support each other in undertaking right measures for preventing cyber security incidents.

MoU for the establishment of a Centre for Excellence in IT (CEIT) in Egypt

• This MoU was signed between External Affairs Minister of India, Salman Khursid and Minister of Foreign Affairs of Egypt, Mohamed K. Amr.
• The MoU signed for establishing Centre for Excellence in IT (CEIT) in Al Azhar University is considered as an important step in meeting the goals of technical and development cooperation between India and Egypt.
• Under this MoU, India will facilitate human resources, hardware as well as software for setting up centre for the training of upto 500 students per year.
• Egypt, on the other hand, will facilitate establishment of centre including the provision of space and logistical support.

MoU on Cooperation in the field of Micro and Small Enterprises

• This MoU was signed between Chairman cum Managing DirectorNational Small Industries Corporation (NSIC), India and Managing DirectorSocial Fund for Development (SFD), Egypt.
• The MoU will help in sharing information, meeting between the enterprises, technology transfers as well as provision of consultation services for enhancing abilities of business enterprises of both the countries.

MoU for cooperation in the fields of Protection, Preservation, Promotion and Management of Cultural Heritage

• This MoU was signed between Indian National Trust for Art and Cultural Heritage and Ministry of State for Antiquities Affairs, Arab Republic of Egypt.
• This helps in facilitating joint activities, sharing information as well as exchange of expertise through joint projects, workshops and conferences.
• The MoU will also help in cooperation in the field of protection of intellectual property rights and prevention of illicit traffic of antiquities.

Agreement between the Government of Egypt the Government of India for Upgradation of a Vocational Training Centre at Shourba El Kheima, Cairo, Egypt

• An agreement was signed between the Government of Egypt represented by Industrial Development Authority and the Government and Government of India represented by National Small Industries Corporation (NSIC), New Delhi.
• As part of the MoU, NSIC will be upgrading the Vocational Training Centre at Shoubra El Kheima, Cairo especially in the technological upgradation required in the area of spinning, weaving, knitting and dyeing technology.

Letter of Intent on India-Egypt Solar Energy Cooperation

• A Letter of Intent was also signed between Ministry of New and Renewable Energy, India and Ministry of Electricity and Energy of Egypt.
• The letter envisages providing 8.8 kilowatt of power using solar energy to 40 households in a village in Siwa located in Martrouh Governorate of Egypt.

Letter of Intent on launch services of the Egyptian Nano Satellite EGYCUBESAT-1 on board the Indian Polar Satellite Launch Vehicle (PSLV) by Antrix Cooperation Ltd

This Letter of Intent was signed between Antrix Corporation Ltd., the commercial wing of Indian Space Research Organisation (ISRO) and the Egyptian National Authority for Remote Sensing and Space Sciences (NARSS).

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