New Delhi: Prime Minister Narendra Modi’s go to to Cyprus has marked a big milestone within the financial relationship between the 2 international locations. Throughout his interplay with main CEOs from each nations, PM Modi emphasised the immense potential for cooperation in sectors corresponding to innovation, power, and expertise.
This go to, the primary by an Indian Prime Minister to Cyprus in over 20 years, has paved the way in which for a brand new period of dynamic and mutually useful financial cooperation.
The roundtable dialogue, attended by enterprise leaders from numerous sectors, together with banking, monetary establishments, manufacturing, protection, logistics, maritime, transport, expertise, innovation, digital applied sciences, AI, IT providers, tourism, and mobility, highlighted the potential for progress and collaboration.
PM Modi famous that sectors like innovation, power, and expertise supply immense potential for cooperation between India and Cyprus. He additionally emphasised India’s speedy financial transformation within the final 11 years, pushed by next-generation reforms, coverage predictability, secure polity, and Ease of Doing Enterprise.
Taking to a social media platform, PM Modi wrote, “Boosting enterprise linkages! President Nikos Christodoulides and I interacted with main CEOs with a view to add vigour to business linkages between India and Cyprus. Sectors like innovation, power, expertise, and extra supply immense potential. I additionally talked about India’s reform trajectory within the final decade.”
Boosting enterprise linkages!
President Nikos Christodoulides and I interacted with main CEOs with a view to add vigour to business linkages between India and Cyprus. Sectors like innovation, power, expertise and extra supply immense potential. I additionally talked about India’s… pic.twitter.com/hVcbloCMyP
— Narendra Modi (@narendramodi) June 15, 2025
PM Modi highlighted India’s emergence because the fastest-growing main economic system on this planet, propelled by a robust give attention to innovation, digital revolution, start-ups, and futuristic infrastructure improvement.
He expressed confidence that India, presently the fifth-largest economic system on this planet, is well-positioned to develop into the third-largest in a number of years’ time. The regular progress in India’s civil aviation, port, shipbuilding, digital funds, and inexperienced improvement sectors has opened up new alternatives for firms from Cyprus to associate with India.
PM Modi famous that Cyprus is a big financial associate for India, notably within the Overseas Direct Funding sector. He welcomed the eager curiosity in Cyprus for brand spanking new investments into the Indian economic system and highlighted the potential for enterprise engagement within the monetary providers sector.
The signing of an MOU between NSE Worldwide Trade GIFT CITY, Gujarat, and Cyprus Inventory Trade is a big step in the direction of fostering cooperation within the monetary sector.
In the meantime, President Nikos Christodoulides took to his social media platform and wrote, “At the moment, we’re constructing extra bridges; we’re deepening and increasing financial cooperation between Cyprus and India. Collectively, we’re getting into a brand new period of strategic partnership, based on belief and our shared values, pushed by innovation and impressed by our wealthy historic journey and the huge horizon that opens earlier than us. Collectively, Cyprus and India ship a robust message of cooperation and prosperity, and on the similar time, a message of hope.”
Σήμερα, χτίζουμε περισσότερες γέφυρες· εμβαθύνουμε και επεκτείνουμε την οικονομική συνεργασία μεταξύ Κύπρου και Ινδίας.
Μαζί, εισερχόμαστε σε μια νέα εποχή στρατηγικής εταιρικής σχέσης, θεμελιωμένης στην εμπιστοσύνη και στις κοινές μας αξίες, με κινητήριο δύναμη την… pic.twitter.com/5CxE3Y0fyO
— Προεδρία της ΚΔ (@CYpresidency) June 15, 2025
NIPL (NPCI Worldwide Funds Restricted) and Eurobank Cyprus have reached an understanding on introducing UPI for cross-border funds between the 2 international locations. This may profit vacationers and companies, facilitating smoother transactions and enhancing financial cooperation.
PM Modi welcomed the launch of the India-Greece-Cyprus (IGC) Enterprise and Funding Council, which is able to foster trilateral cooperation in sectors corresponding to transport, logistics, renewable power, civil aviation, and digital providers. This council will present a platform for companies to discover new alternatives and strengthen financial ties between the three international locations.
As Cyprus prepares to imagine the Presidency of the EU Council subsequent 12 months, PM Modi and President Christodoulides reaffirmed their dedication to additional strengthen the India-EU Strategic Partnership. They expressed optimism about concluding the India-EU Free Commerce Settlement by the top of the 12 months, which might give a significant increase to commerce and financial cooperation between the 2 international locations.
The enterprise roundtable offered sensible recommendations that can type the idea for a structured financial roadmap, guaranteeing long-term collaboration in commerce, innovation, and strategic sectors. With shared aspirations and a future-focused method, India and Cyprus are poised for a brand new period of dynamic and mutually useful financial cooperation.
In line with the Official Spokesperson of Exterior Affairs, Randhir Jaiswal, the tackle additional cemented funding, expertise, and enterprise linkages between the 2 international locations.
In a submit on X, he stated, “Additional cementing funding, expertise & enterprise linkages. PM Narendra Modi, accompanied by President Nikos Christodoulides, addressed a enterprise roundtable, which noticed participation by main enterprise leaders of Cyprus and Indian firms. The leaders known as for strengthening financial ties within the fields of commerce, funding, monetary providers, fintech, start-up, innovation, AI, IT, logistics, defence, connectivity, transport, and mobility.”
Additional cementing funding, expertise & enterprise linkages.
PM @narendramodi accompanied by President @Christodulides addressed a enterprise roundtable, which noticed participation by main enterprise leaders of Cyprus and Indian firms.
The leaders known as for… pic.twitter.com/CNPqIzxurS
— Randhir Jaiswal (@MEAIndia) June 15, 2025
PM Modi’s go to has marked the start of a brand new chapter within the financial relationship between the 2 international locations, and each nations are wanting to discover the huge potential for progress and collaboration.
Key Highlights of the Go to
– PM Modi’s go to to Cyprus has strengthened financial ties between the 2 international locations.
– The roundtable dialogue highlighted the potential for cooperation in sectors corresponding to innovation, power, and expertise.
– India’s speedy financial transformation and Cyprus’s strategic location supply immense alternatives for progress and collaboration.
– The signing of an MOU between NSE Worldwide Trade GIFT CITY and Cyprus Inventory Trade and the introduction of UPI for cross-border funds are vital steps in the direction of fostering cooperation.
– The launch of the India-Greece-Cyprus Enterprise and Funding Council will foster trilateral cooperation in key sectors.
– Each international locations are dedicated to strengthening the India-EU Strategic Partnership and concluding the India-EU Free Commerce Settlement.
As India and Cyprus embark on this new period of cooperation, each nations are assured that their shared aspirations and future-focused method will drive progress and prosperity for years to return.