India will soon become third largest economy, focusing on ease of doing business in country: PM Modi in Cyprus
Prime Minister Narendra Modi while addressing the India-Cyprus
business roundtable meeting
said that India is all set to become the
third largest economy
of the world.
"India is one of the biggest emerging economies. We have implemented tax reforms, GST, rationalised corporate tax, decriminalised laws and are focusing on 'trust of doing business', along with
ease of doing business
," said PM Modi.
Prime Minister Narendra Modi and the President of Cyprus, Nikos Christodoulides, attended a business roundtable event on Sunday. Upon his visit to the country, President Christodoulides called PM Modi's visit historic and "a new chapter in a strategic partnership that knows no limits."
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PM Modi, accompanied by a large delegation of around 100 officials, is visiting Cyprus at the invitation of President Nicos Christodoulides.
The visit holds significance as Cyprus has been a consistent supporter of India's positions on Kashmir, cross-border terrorism, and reforms in the United Nations Security Council. Cyprus takes over the rotating presidency of the Council of the European Union from January 1.
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The visit will reaffirm the shared commitment of the two countries to deepen bilateral ties and strengthen India's engagement with the Mediterranean region and the European Union.PM Modi's visit follows an invitation extended to him by Christodoulides and comes eight years after then-President Nicos Anastasiades visited India.
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