Thursday, August 28, 2025

‘Immense potential for growth’ between Cyrus-India bilateral ties: PM Narendra Modi

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Prime Minister Narendra Modi arrived in Cyprus on Sunday, becoming the first Indian premier to visit the Mediterranean island nation in 23 years. President Nikos Christodoulides and PM Modi are set to attend a business roundtable in Limassol to foster bilateral trade on Monday. (Image Reuters)

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The two leaders are expected to sign multi-level cooperation agreements. They will also discuss ways to improve trade, security, investment, technology, and interpersonal relationships. The Indian PM will also speak to business executives in Cyprus’s commercial centre, Limassol. (Image X)

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During the Sunday discussion, PM Modi highlighted India’s enormous potential and quick economic growth at the India-Cyprus CEO Forum. He said the country’s economy had grown to be the fifth largest in the world and was likely to become the third. (Image Reuters)

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Speaking at the India-Cyprus CEO Forum in Limassol on Sunday (local time), Modi said his government prioritised ease of doing business along with having stable and transparent policies by implementing tax reforms such as the GST, corporate tax, and decriminalising various laws. (Image X)

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Prime Minister Narendra Modi called for the development of bilateral engagement with Cyprus, describing it as a ‘reliable partner’ for India with “immense growth potential” on Sunday. (Image Reuters)

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Following the discussion, he wrote in a post on X, “Boosting business linkages! President Nikos Christodoulides and I interacted with leading CEOs 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,” he added. (Image X)

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PM Modi emphasised the ‘digital revolution’ that has occurred over the last ten years, pointing out that “50% of the world’s digital transactions take place in India through Unified Payments Interface, i.e. UPI.” (Image Reuters)

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Prime Minister Modi’s decision to make Cyprus his first overseas destination following Operation Sindoor is also being seen as a strategic step vis-à-vis Turkey, which backed Pakistan during the most recent conflict. (Image X)

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PM Modi is travelling to three countries, starting with Cyprus and continuing to Canada for the G7 conference and Croatia in the Balkans. The last Indian prime minister to visit Cyprus was Atal Bihari Vajpayee in 2002. (Image Reuters)

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