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Dr. ASHWANI KUMAR MEETS PAKISTAN PM – WEF IN EGYPT
Date : 22 May 2006
Location : New Delhi
Dr. ASHWANI KUMAR MEETS PAKISTAN PM – WEF IN EGYPT
On the sidelines of the World Economic Forum regional meeting at Sharm El Sheikh, Egypt, Dr. Ashwani Kumar, Minister of State (Industry), met Prime Minister Shaukat Aziz of Pakistan and conveyed to him the greetings of Prime Minister Dr. Manmohan Singh. He also met leaders from various parts of the Arab world and had an informal interaction over breakfast with Mr. Youssuf Boutros Ghalli, Egyptian Minister of Finance.
Dr. Kumar met with the Egyptian Minister of Trade and Industry, Mr. Rachid M. Rachid, and Dr. Mahmoud Moheddin, Investment Minister of Egypt. Mr. Rachid and Dr. Kumar agreed on the need to enhance economic and commercial relations between India and Egypt by expanding two-way trade and investment flows. Dr. Rachid expressed Egypt’s keen desire to receive a business delegation from India and expressed a willingness to lead a business delegation from Egypt to India. Dr. Kumar impressed upon the need for greater economic engagement between India and the Arab world and appreciated the leadership of Egypt in contributing to peace and stability in the Middle East.
Dr. Kumar expressed the hope that a strong economic growth across the Arab world, particularly in GCC (Gulf Cooperation Council) countries will provide an opportunity for expansion of Indo Arab economic engagement. Arab leaders expressed a keen desire to learn from the success of the Indian model of economic growth because of the many similarities between the two regions.
Dr. Kumar also exchanged views with Deputy Prime Minister of Bahrain Sheikh Mohamed Bin Mubarak, Mohamed Rachid Finance Minister of Tunisia and Mr. Aleksey Kudrin Finance Minister of the Russian Federation. Mr. Kudrin informed Dr. Kumar that Russia will invest significant amounts by way of FDI in India in the near future.
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