Cyprus a Significant Economic Partner for India: PM Modi

Prime Minister Narendra Modi also welcomed the launch of the India-Greece-Cyprus (IGC) Business and Investment Council, which will foster trilateral cooperation in sectors

- STATESMAN NEWS SERVICE

Prime Minister Narendra Modi on Monday noted that Cyprus was a significant economic partner for India, particularly in the foreign direct investment sector, and welcomed the keen interest in Cyprus for new investments into the Indian economy.

He was speaking at a roundtable interaction with business leaders from both the countries in Limassol.

"President Nikos Christodoulides and I interacted with leading CEOs in order to add vigour to commercial linkages between India and Cyprus. Sectors like innovation, energy, technology and more offer immense potential. I also talked about India's reform trajectory in the last decade," the Prime Minister said in a post on handle X.

The participants represented diverse sectors such as banking, financial institutions, manufacturing, defence, logistics, maritime, shipping, technology, innovation, digital technologies, AI, IT services, tourism and mobility," a government release said.