The Egyptian president is the chief guest of honour in India's celebrations of the country's 74th Republic Day.

El-Sisi's three-day visit to India, which started on Tuesday, has been described by Prime Minister Modi as "historic" and a "matter of immense happiness" to the Indian people.

On Wednesday, El-Sisi held two meetings with with PM Modi and President Murmu to discuss bilateral relations between Egypt and India.

He also met with Indian representatives of the Indian business community to discuss prospects of economic cooperation between the two countries.

A contingent representing the main branches of the Egyptian Armed Forces marched in a military parade during the event.

Egypt and India celebrate this year the 75th anniversary of establishing diplomatic relations.

In a presser with El-Sisi yesterday, Modi said India and Egypt will develop a long-term framework for comprehensive cooperation in political, security, economic, and scientific fields under their strategic partnership.

For his part, El-Sisi stated that Egypt and India agreed on fostering strategic cooperation in several domains covering agriculture, higher education, chemicals, fertilisers, medications, and IT.

Egypt and India agreed on maximising cooperation on all fronts and forging more partnerships in new areas, including cooperation in new and renewable energy and green hydrogen production, El-Sisi added.

The Indian premier said the two sides decided to increase bilateral trade to $12 billion in the next five years.

Earlier this week, India’s Ambassador to Cairo Ajit Gupte said bilateral trade has expanded rapidly by 75 percent in 2021-22 to reach its highest-ever level of $7.26 billion, adding that trade between the two countries continues to grow in 2022-23.

Around 50 Indian companies operating in Egypt provide direct employment to approximately 38,000 Egyptians, investing over $3.2 billion across the chemical, energy, automobile, retail, apparel, and agriculture sectors, among others.

Many of these companies are planning to expand their investments by a cumulative $800 million, Gupte revealed.