During a pivotal business forum in Limassol, Cyprus’ President Nikos Christodoulides dubbed the visit as a critical juncture for Cyprus-India relations, catalyzing investment opportunities across various sectors.
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Positioned as the southeasternmost member of the EU, Cyprus offers Indian businesses a geographically strategic entryway into Europe, enhanced by its stable economy and burgeoning technology sector.
The historic visit has laid a robust foundation for cooperation in technology, AI, digital infrastructure, and beyond—aligning mutual goals of sustainable development and technological innovation.
Acknowledging Cyprus as a vital economic partner, Modi celebrated the creation of the India-Cyprus-Greece business and investment council as a platform for economic synergy.
Endorsing the growth potential, Chrisodoulides highlighted Cyprus’ pivotal role in the Indian-Middle East-Europe Economic Corridor (IMEC), positioning the island as a key entry point and economic hub.
Inspiring announcements included Indian AI firms establishing operations in Cyprus, boosting the island’s tech ecosystem, as part of a broader vision for a knowledge-driven economy. These developments align with Cyprus’s commitment to infrastructural modernization and economic diversification.
Adding to this dynamic landscape, Cypriot banks, such as Eurobank, have partnered with India’s financial technology, incorporating India’s Unified Payments Interface (UPI) to revolutionize cross-border payment services.
Furthermore, the partnership reflects broader regional ambitions. Leaders shared visions for integrating technological systems to bolster the regional economy, shedding light on future-oriented opportunities.
