Prime Minister Narendra Modi started a two -day visit to Cyprus on Sunday – the purpose of this visit is to send a message to Cyprus, which has been opposed to this island country of the Mediterranean Sea and who openly supported Islamabad by openly supporting Islamabad when he reached the peak of India -Pakistan struggle last month. India can use the Prime Minister’s visit to enhance its economic relations with Cyprus, which can serve as an entrance to the Mediterranean Sea and the European Union.
Prime Minister Narendra Modi on Sunday participated in a round table meeting with people from a business world in Nicosia with Cyprus President Nicos Christodolidase and called for strengthening bilateral cooperation in areas such as trade, investment and defense, which “have immense possibilities of development”. The Prime Minister reached Nicosia, the capital of Cyprus today. He addressed the leaders of the business world of India and Cyprus at the meeting.
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Addressing the leaders of the business world, Modi highlighted “immense possibilities of development” in bilateral relations. He said, “Cyprus has been a reliable partner of India for a long time.” After the meeting, he posted on the social media forum ‘X’, “business relations were promoted. President Nicos Christodolidase and I interacted with the leading CEO (Chief Executive Officer) to strengthen the commercial relations between India and Cyprus. ‘
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He said, “There are immense possibilities in areas like innovation, energy, technology etc. I also talked about India’s reform path in the last decade. “Addressing the program, Modi said,” An Indian Prime Minister Cyprus has come after 23 years and the first program was a round table meeting with the people of the business world. This is an indication of how important people associated with the economic world are for the relations between India and Cyprus. “He said,” Many Indian companies see it as the entrance to Europe. ”
Foreign Ministry spokesman Randhir Jaiswal shared pictures of the program on the social media forum ‘X’ and said in a post, “To further strengthen investment, technology and business relations.”He said, “Prime Minister Narendra Modi along with President Christodolidase addressed a round table meeting with the people of the business world, in which Cyprus and prominent officials of Indian companies participated.” The leaders said, “The leaders said,” The leaders said, “Leaders said business, investment, financial services, fintech, start-up, innovation, AI, IT (Information Technology), to strengthen the economic relations in the fields of contacts, saving, safety and dactivity called upon.”
He also talked about India’s development story and said that the country has focused equally on “Business Easy” as well as “Business in Trade”. Describing Cyprus as “famous tourist destination”, he said that India is also focusing on destination development and management and hence “close cooperation between our tour operators will be meaningful”. He said that there is a possibility of such cooperation in many other areas as well.
According to officials, an MoU was signed between the National Payment Corporation of India (NPCI) and the Eurobank of Cyprus with the objective of starting UPI services in Cyprus for border cross transactions during the Prime Minister’s visit. In his address, Modi said that today due to UPI, 50 percent of the world’s digital transactions are held in India. He said that this is the first of its kind between Europe and ‘Gift City India’ and will benefit investors in Gift City, Cyprus and Europe. In a video message on ‘X’ before the meeting, Jaiswal said that ideas will be identified and discussed in the platform that ideas to strengthen India-sprous trade partnership in new areas like “Startup, Innovation, Digital Payment, Shipping, Ship Building, Port etc., will be identified and discussed.”
This is the first visit of an Indian Prime Minister to Cyprus in more than two decades. Prime Minister Modi welcomed Prime Minister Modi at Larnaka International Airport while displaying special warmth on reaching Cyprus. During the visit, the two leaders will hold talks to strengthen bilateral relations.
According to a statement by the Ministry of External Affairs, Modi’s visit will confirm the shared commitment of the two countries to deepen “bilateral relations and strengthen India’s association with the Mediterranean Region and European Union.” According to the Foreign Ministry, bilateral trade between India and Cyprus has been “stable between the recent years” and this 13.696 million has been in the midst of ‘ups and 2024 to March 2023 to March 2023. Was.