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TUESDAY, 21 MAY 2013
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Mursi visits India in search of investment
Associated Press
Egyptian President Mohammed Mursi, left, shakes hand with Indian Prime Minister Manmohan Singh ahead of a meeting in New Delhi, India, Tuesday, March 19, 2013. (AP Photo /Manish Swarup)
Egyptian President Mohammed Mursi, left, shakes hand with Indian Prime Minister Manmohan Singh ahead of a meeting in New Delhi, India, Tuesday, March 19, 2013. (AP Photo /Manish Swarup)
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NEW DELHI: Egyptian President Mohammed Mursi and Indian Prime Minister Manmohan Singh are holding talks aimed at strengthening ties and boosting trade and investment between their countries.

Mursi will also meet other top Indian political and business leaders during his three-day visit that began Tuesday.

Trade between the countries has been on the upswing and currently stands at $5.5 billion, making India Egypt's seventh-largest trading partner.

Mursi is accompanied by several ministers and a large business delegation. The countries are expected to sign several economic and trade agreements during his visit.

Mursi is looking to attract investment into an Egyptian economy hit by two years of political upheaval. The turmoil has kept investors away and led to a sharp drop in tourism.

 
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Story Summary
Egyptian President Mohammed Mursi and Indian Prime Minister Manmohan Singh are holding talks aimed at strengthening ties and boosting trade and investment between their countries.

Mursi is looking to attract investment into an Egyptian economy hit by two years of political upheaval.
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