Courtesy: Adnan Abidi/Reuters
Egyptian President El Sisi being the chief guest at India’s Republic Day reflects the importance assigned to it by India. At the crossroads of Africa, Asia and Europe, Egypt is an essential gateway for trade and investment. Its diplomatic presence in the Arab world and Africa, with the largest standing army in Africa, makes it a pivotal player for India which is increasing its footprint in West Asia and Africa.
Courtesy: AP Photo/Manish Swarup
Russia has been at the center of tensions between the G7 and G20. The current G20 and G7 Presidency has put Asia at the center of global problem-solving and collaboration. India and Japan through its existing strong bilateral and converging interests like economic and financial governance, health, climate commitments and energy transition can bridge the rift between the two multilateral groupings in 2023.
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Egypt’s President El-Sisi will be the chief guest for India’s Republic Day parade on Jan 26 this year. There are compelling reasons for coming closer together, historical and current, geopolitical and regional. West Asia is India’s backyard with vital security, energy and economic interests at stake, and here Egypt has a privileged position that India can leverage.
Courtesy: PTI
Delhi and Dhaka are fully conscious that they must get this vital equation right, constantly strengthening and deepening their cooperation and countering the challenges they face. In this, the contributions of the Sheikh Hasina government in nurturing the special ‘bonding’ is enormous and widely appreciated.
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India’s oil consumption and imports are likely to resume their upward trajectory as the economy opens up, after a temporary drop due to the pandemic. To secure its energy needs, the country should shift course from investing in oil and gas assets of emerging economies to those of developed nations. The oil-rich Organisation for Economic Co-operation and Development (OECD) countries, such as Canada, Norway, and the U.S. can be given special consideration.