‘Sectors Like Innovation, Energy Offer Immense Potential’: PM Modi Unveils India-Cyprus Economic Vision | India News
New Delhi: Prime Minister Narendra Modi’s visit to Cyprus pointed out an important milestone in the economic relationship between the two countries. During his interaction with leading CEOs from both countries, PM Modi emphasized the potential of cooperation in sectors such as innovation, energy and technology.
This visit to Cyprus by a Prime Minister of India for more than 20 years has paved the way for a new dynamic and mutual useful economic cooperation.
Banking, financial institutions, production, defense, logistics, maritime, transportation, technology, innovation, digital technologies, AI, IT services, tourism and mobility, such as business leaders from various sectors participated in the round table discussion, growth and cooperation potential emphasized the potential.
PM Modi said that sectors such as innovation, energy and technology offer a tremendous cooperation potential between India and Cyprus. In addition, the new generation of reforms, policy predictability, stable management and ease of doing business, due to the rapid economic transformation of India in the last 11 years has emphasized.
Entering a social media platform, PM Modi, “President Nikos Christodoulides and I have interacted with the leading CEOs to strengthen the commercial connections between India and Cyprus. I presented a great potential such as innovation, energy, technology and more.
Increase business connections!
President Nikos Christodoulides and I have interacted with the leading CEOs to strengthen the commercial connections between India and Cyprus. Sectors such as innovation, energy, technology and more offer a tremendous potential. I also talked about India … pic.twitter.com/hvcblocmyp– Narendra Modi (@narendramodi) 15 June 2025
PM Modi emphasized the emergence of India as the world’s fastest growing main economy and focused on innovation, digital revolution, start-ups and futuristic infrastructure development.
He expressed his confidence that India, the world’s fifth largest economy, has been well positioned to be the third largest in a few years. India’s civil aviation, port, shipbuilding, digital payments and stable growth in Green Development Sectors have opened new opportunities for companies that are partners with India from Cyprus.
PM Modi said that Cyprus is an important economic partner for India, especially in the foreign direct investment sector. He welcomed his interest in Cyprus for new investments in the Indian economy and emphasized the potential to participate in the financial services sector.
The signing of an agreement between the NSE International Exchange Gift City, Gujarat and the Cyprus Stock Exchange is an important step to encourage cooperation in the financial sector.
Meanwhile, Presidident Nikos Christodoulides to the Social Media Platform and Wrote, “Today, We Are Building More Bridges; Partnership, Founded and Historical Journey and the Vast Horizon.
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Μαζί, εισερόμαστε σε μια νέα εποή στρατγικής εταιρικής σές, θ μελικής σης, αξίες, με κινητ nor pic.twitter.com/5cxe3y0fy– προεδρία της κδ (@cypressideency) 15 June 2025
NIPL (NPCI International Payments Limited) and Eurobank Cyprus have reached an understanding of bringing the UPI for cross -border payments between the two countries. This will benefit tourists and businesses, facilitate smoother transactions and increase economic cooperation.
PM Modi welcomed the launch of the Indian-Greece-Cyprus (IGC) Business and Investment Council, which will promote three-sided cooperation in sectors such as transport, logistics, renewable energy, civil aviation and digital services. This Council will provide a platform for businesses to discover new opportunities and strengthen economic ties between the three countries.
While the Cyprus was preparing to assume the presidency of the EU Council next year, Prime Minister Modi and President Christodoulides confirmed the commitment to further strengthening India-EU strategic partnership. Until the end of the year, they expressed optimism in concluding the India-EU Free Trade Agreement, which will provide great support for trade and economic cooperation between the two countries.
Business Roundtable has presented practical suggestions that will form the basis of a structured economic road map and provide long -term cooperation in trade, innovation and strategic sectors. With shared requests and a future -oriented approach, India and Cyprus are preparing for a new age of dynamic and mutual useful economic cooperation.
According to Foreign official spokesman Randhir Jaiswal, the address further strengthened the investment, technology and business connections between the two countries.
In an article in X, “more strengthening investment, technology and business connections. Strengthening economic bonds in binding, attachment, attachment, attachment, attachment, connection, connection, connection, connection, connection, connection, connection areas, “he said. mobility. ”
More cement investment, technology and business connections.
AFTERNOON @Narendramodi Accompanied by the president @Christodulides A business that saw the participation of leading business leaders of Cyprus and Indian companies addressed a round table meeting.
Leaders called… pic.twitter.com/cnpqizxurs– Randhir Jaiswal (@meaindia) 15 June 2025
The visit of PM Modi pointed out the beginning of a new section in the economic relationship between the two countries, and both nations are eager to explore its wide potential for growth and cooperation.
The main important points of the visit
– PM Modi’s visit to Cyprus strengthened the economic ties between the two countries.
– Stressed the potential of cooperation in sectors such as round table debate, innovation, energy and technology.
– It offers tremendous opportunities for India’s rapid economic transformation and Cyprus’s strategic place growth and cooperation.
– The signing of an agreement between the NSE International Exchange Gift City and the Cyprus Stock Exchange and the introduction of the UPI for cross -border payments are important steps to encourage cooperation.
-The launch of the India-Greece-Cyprus Operation and Investment Council will encourage triple cooperation in the key sectors.
-Both countries are determined to strengthen India-EU strategic partnership and to finalize the India-EU Free Trade Agreement.
As India and Cyprus enter this new period of cooperation, both nations are sure that their common desires and future -oriented approaches will provide growth and prosperity for the coming years.
