Invest Cyprus has announced its participation in the newly established India-Greece-Cyprus Business and Investment Council, which officially launched its work recently at the Taj Mahal Palace in Mumbai.
In a press release, Invest Cyprus said the initiative is a “a milestone in strengthening economic ties between India, Greece and Cyprus and aims to enhance trade, investment and strategic cooperation in various sectors such as infrastructure, shipping, technology, financial services, startups and SMEs”.
It is added that the establishment of the Council follows the signing of a Memorandum of Understanding between Eurobank S.A. and the Indian Chamber of Commerce (ICC) in September 2024. A move that already demonstrates the commitment of the parties involved in opening and developing a stable and competitive economic channel.
As India emerges as a global economic powerhouse and with Greece and Cyprus acting as strategic gateways to Europe, Invest Cyprus continues, “the India-Greece-Cyprus Business and Investment Council aims to accelerate cross-border trade and investment activity, create a platform for strategic collaboration between companies from the three countries, and create opportunities for digital transformation, green investment and resilient commercial ecosystems.”
“This is one of the most dynamic efforts to formulate a clear, structured framework for cooperation between the three countries which is expected to catalyse new investment opportunities and enhance the competitiveness of businesses in various sectors,” it is further noted.
“Invest Cyprus’ participation in this pioneering and very important initiative is instrumental in further strengthening the business and investment ties between Cyprus and India. We firmly believe that creating a structured space to exchange experiences, develop partnerships and promote sustainable investments will bring significant benefits to all parties involved,” the press release continues.
Invest Cyprus CEO Marios Tannousis said that Cyprus’ central position as a gateway to Europe, combined with the opportunities in India, a market of 1.5 billion people and a rising global economic power, “creates an attractive and dynamic environment for achieving these objectives.”
Invest Cyprus is committed to actively contributing to the promotion of economic growth and cooperation between Cyprus, India and Greece. Through its participation in the newly established Council, the organisation aims to facilitate the exchange of experiences and the development of partnerships that will benefit not only businesses but also the entire economy of the region, the press release concludes.
Invest Cyprus proudly joined the India-Greece-Cyprus Business & Investment Council in Mumbai! This new initiative strengthens trade & cooperation in key sectors like tech, shipping, & financial services. A step forward for innovation & cross-border collaboration. #InvestCyprus pic.twitter.com/ZvkTfXkoRg
— Invest Cyprus (@InvestCyprus) February 18, 2025
Also read: ExxonMobil briefs President on blocks 5 and 10 of Cyprus EEZ
Source: CNA
