Modi Highlights Growth Potential in India-Cyprus Ties During Official Visit
Indian Prime Minister Narendra Modi on Sunday called Cyprus a "reliable partner" for India and emphasized the significant potential to strengthen bilateral cooperation.
Modi, who is on a two-day official visit to Cyprus — the first by an Indian prime minister in over two decades — made the remarks during a business roundtable with Cypriot President Nikos Christodoulides.
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| Image Source: PM on X |
Addressing business leaders, Modi said sectors such as innovation, energy, technology, and tourism offer opportunities for collaboration. He added that many Indian companies see Cyprus as a gateway to Europe.
In a post on X, Modi said, "Boosting business linkages! President Nikos Christodoulides and I interacted with leading CEOs in order to add vigour to commercial linkages between India and Cyprus." He also highlighted India’s economic reforms and growing digital economy.
India looks forward to deepening friendship with Cyprus!
— Narendra Modi (@narendramodi) June 15, 2025
Here are highlights from the welcome today… pic.twitter.com/JOU7lzF9EJ
According to the Ministry of External Affairs, business leaders discussed expanding cooperation in areas including trade, fintech, startups, AI, IT, logistics, defense, and shipping.
Two agreements were signed during the visit: a Memorandum of Understanding between NPCI and Eurobank of Cyprus to introduce UPI services for cross-border payments, and an MoU between NSE International Exchange Gift City and the Cyprus Stock Exchange to facilitate cross-border capital flows.
Έφθασα στην Κύπρο. Εκφράζω την ευγνωμοσύνη μου στον Πρόεδρο της Κύπρου, Κο. Νίκο Χριστοδουλίδη για την ξεχωριστή χειρονομία και για την υποδοχή μου στο αεροδρόμιο. Αυτή η επίσκεψη θα προσθέσει σημαντικές ώθηση στις σχέσεις Ινδίας-Κύπρου, ειδικά σε τομείς όπως το εμπόριο, τις… pic.twitter.com/Vkc2mwP10a
— Narendra Modi (@narendramodi) June 15, 2025
Bilateral trade between India and Cyprus stood at USD 136.96 million for April 2023 to March 2024, according to MEA data.
After Cyprus, Modi will proceed to Canada for the G7 Summit in Kananaskis, followed by a visit to Croatia.