This was conveyed by Egyptian President Abdel Fattah el- Sisi to Prime Minister Narendra Modi during their talks yesterday, spokesperson in the External Affairs Ministry Vikas Swarup said.
India had requested Egypt in December 2014 to release the two Indians as per provisions of the sentenced persons pact.
"Sisi in a goodwill gesture, agreed to the release of two long-term Indian prisoners in Egypt who had been in jail for 16 and 22 years. They will be extradited to India under the transfer of sentenced persons agreement," External Affairs Ministry Spokesperson Vikas Swarup said.
During the talks, Modi also thanked Sisi for attending the India Africa Forum Summit, asserting that without Egypt the Summit would have been "incomplete" as the two leaders agreed to take the bilateral ties to a "much higher and broader level".
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Sisi also sought closer cooperation with India in the political, economic security and defence fields. There was a discussion on the situation in middle wast and need for counter-terrorism efforts.
Modi also talked about need to work unitedly to obtain permanent seats in the UN Security Council for India and Africa.
Referring to Indian investments, the Egyptian President invited more joint ventures in his country.
"He referred to the new Suez canal as a complete corridor of integrated development and said that numerous industrial zones in Egypt would be very attractive to Indian businesses," said Swarup.