Egypt
is seeking to further deepen industrial partnerships with global players to
advance localization and technology transfer, as senior officials held talks
with an Indian firm to explore new avenues for cooperation.
Minister of State
for Military Production Salah Jumblatt affirmed the ministry’s commitment to
building strategic partnerships with leading international companies in support
of sustainable development goals and the advancement of local manufacturing capabilities.
In this context, the
minister received representatives of Parason Advanced Systems to discuss
prospects for enhancing cooperation across various manufacturing sectors.
The meeting comes in
line with directives from Abdel Fattah El-Sisi to open new horizons of cooperation
with international partners and promotes the localization of advanced
industries, the ministry said in a press statement.
Minister Jumblatt
welcomed the visiting delegation, highlighting the strength of Egyptian–Indian
relations and the notable progress achieved in recent years, particularly in
economic and military cooperation. He stressed that such partnerships support
mutual interests and facilitate the transfer and localization of modern
technologies.
Talks also focused
on boosting manufacturing capabilities and increasing production capacities
within companies and units affiliated with the Ministry of Military Production.
The minister reviewed the technological and technical resources available, underlining
the importance of acquiring advanced manufacturing technologies to sustain
ongoing development and modernization.
For their part,
representatives of Parason Advanced Systems praised Egypt’s industrial
capabilities and expressed interest in expanding co-operation with the
ministry, emphasizing the value of expertise exchange and industrial
integration between the two sides.
Source: The Egyptian Gazette