India and Egypt have decided to strengthen defence industry co-operation and take bilateral trade to $12 billion in next 5 years, Prime Minister Narendra Modi said on Wednesday after bilateral talks with Egyptian President Abdel Fattah El-Sisi.
Currently, the trade between the two countries is around $7.2 billion.
"We've decided to further strengthen defence industry cooperation, exchange of counter-terror information and intel," Modi said as reported by news agency PTI. "We have decided to take bilateral trade to $12 billion in next 5 years," he said.
Modi said that both the countries are concerned over security threats and are unanimous