Summary:

PM Narendra Modi spoke at a high-level business roundtable with Cypriot President Nikos Christodoulides on his first visit to Cyprus in almost 20 years, on June 15-16, 2025. Industry leaders from finance, military, IT, AI, logistics, and tourism took part. According to the Ministry of External Affairs, the conversation strengthened bilateral investment, technological, and economic connections. The Cyprus Presidency encouraged stronger economic cooperation based on common principles, creativity, and trust.

Prime Minister Modi emphasised India's tremendous economic development over the last 11 years, which was fuelled by reforms, policy continuity, and political stability. He emphasised India's ascent to the fifth-largest economy, which will soon become the third. Opportunities for Cypriot collaboration have been found in shipbuilding, aviation, digital payments, and green development. Key advancements were stock exchange agreements and UPI with Cyprus. The establishment of the India-Greece-Cyprus Council, as well as progress on the India-Europe Free Trade Agreement, were both praised.

Source: IBEF

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