Sectors Like Innovation, Vitality Supply Immense Potential: PM Modi Unveils India-Cyprus Financial Imaginative and prescient

New Delhi: Prime Minister Narendra Modi’s go to to Cyprus has marked a major milestone within the financial relationship between the 2 nations. Throughout his interplay with main CEOs from each nations, PM Modi emphasised the immense potential for cooperation in sectors akin to innovation, vitality, and know-how.

This go to, the primary by an Indian Prime Minister to Cyprus in over 20 years, has paved the best way 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, know-how, innovation, digital applied sciences, AI, IT companies, tourism, and mobility, highlighted the potential for progress and collaboration.

PM Modi famous that sectors like innovation, vitality, and know-how supply immense potential for cooperation between India and Cyprus. He additionally emphasised India’s fast 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 as a way to add vigour to business linkages between India and Cyprus. Sectors like innovation, vitality, know-how, 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 as a way to add vigour to business linkages between India and Cyprus. Sectors like innovation, vitality, know-how 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 financial system on the planet, propelled by a robust give attention to innovation, digital revolution, start-ups, and futuristic infrastructure growth.

He expressed confidence that India, presently the fifth-largest financial system on the planet, is well-positioned to develop into the third-largest in just a few years’ time. The regular progress in India’s civil aviation, port, shipbuilding, digital funds, and inexperienced growth sectors has opened up new alternatives for firms from Cyprus to associate with India.

PM Modi famous that Cyprus is a major financial associate for India, notably within the International Direct Funding sector. He welcomed the eager curiosity in Cyprus for brand new investments into the Indian financial system and highlighted the potential for enterprise engagement within the monetary companies sector.

The signing of an MOU between NSE Worldwide Trade GIFT CITY, Gujarat, and Cyprus Inventory Trade is a major step in direction of fostering cooperation within the monetary sector.

In the meantime, President Nikos Christodoulides took to his social media platform and wrote, “Right this moment, we’re constructing extra bridges; we’re deepening and increasing financial cooperation between Cyprus and India. Collectively, we’re coming 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 identical 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 nations. 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 akin to transport, logistics, renewable vitality, civil aviation, and digital companies. This council will present a platform for companies to discover new alternatives and strengthen financial ties between the three nations.

As Cyprus prepares to imagine the Presidency of the EU Council subsequent yr, 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 tip of the yr, which might give a significant enhance to commerce and financial cooperation between the 2 nations.

The enterprise roundtable offered sensible strategies that may type the premise for a structured financial roadmap, making certain long-term collaboration in commerce, innovation, and strategic sectors. With shared aspirations and a future-focused strategy, India and Cyprus are poised for a brand new period of dynamic and mutually useful financial cooperation.

Based on the Official Spokesperson of Exterior Affairs, Randhir Jaiswal, the handle additional cemented funding, know-how, and enterprise linkages between the 2 nations.

In a put up on X, he stated, “Additional cementing funding, know-how & 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 companies, fintech, start-up, innovation, AI, IT, logistics, defence, connectivity, transport, and mobility.”

Additional cementing funding, know-how & 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 nations, 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 nations.

– The roundtable dialogue highlighted the potential for cooperation in sectors akin to innovation, vitality, and know-how.

– India’s fast 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 direction of fostering cooperation.

– The launch of the India-Greece-Cyprus Enterprise and Funding Council will foster trilateral cooperation in key sectors.

– Each nations 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 strategy will drive progress and prosperity for years to return.