United Nations: India on Friday welcomed Egyptian President Hosni Mubarak`s resignation and called for quick elections for a democratic government.
"We were all very concerned about the developments in Egypt and we were hoping that a solution which is Egyptian-led would be found," Foreign Minister SM Krishna told reporters at the UN headquarters.
"We are very happy that a decision has been arrived at, as a result of which President Mubarak has relinquished office."
"We hope that this will pave the way for democratisation of Egypt," he added, expressing confidence that the new military rulers would ensure "a smooth transfer of power."
"Perhaps in the not too distant future elections will be held so that the people of Egypt will have the ultimate say in terms of what kind of government they would like to have," he said.
In an earlier statement, Krishna welcomed the "the commitment of the Supreme Council of the Armed Forces to ensure a peaceful transition of power in a time bound manner to establish an open and democratic framework of governance."
India is "proud of our traditionally close relations with the people of Egypt and wish them peace, stability and prosperity," he said.