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India Today
5 hours ago
- Business
- India Today
PM Modi receives highest honour of Cyprus: Dedicate this award to our friendship
Prime Minister Narendra Modi was conferred with Cyprus' highest civilian honour — The Grand Cross of the Order of Makarios III — during his official visit to the Mediterranean nation. Expressing gratitude for the recognition, PM Modi dedicated the award to the deep-rooted friendship between India and Cyprus.'This honour is not just a recognition of me, Narendra Modi — it is an honour for 1.4 billion Indians. It is a tribute to their strength and aspirations,' the Prime Minister said, adding that it also represents a recognition of India's culture, values, and the philosophy of Vasudhaiva Kutumbakam — the world is one dedicate this award to the friendship between India and Cyprus, to our shared values, and to Cyprus's understanding of India,' he added. PM Modi said that he accepts the honour on behalf of all Indians with 'utmost humility and gratitude', saying it strengthens the two nations' shared commitment to peace, security, sovereignty, regional integrity, and prosperity. PM Modi on Sunday began his five-day, three-nation tour with a stop in Cyprus — the first visit by an Indian Prime Minister to the island nation in over two decades. He was received at the airport by Cyprus President Nikos the India-Cyprus CEO Forum, PM Modi welcomed the creation of the India, Cyprus, and Greece Business and Investment Council, calling it 'a very good initiative' that holds the potential to become a key platform for trilateral economic cooperation. He assured business leaders that the ideas and suggestions shared at the forum would be taken forward through a concrete action growing economic collaboration, PM Modi noted that the Cyprus Stock Exchange and India's National Stock Exchange have agreed to cooperate in GIFT City, Gujarat. He also invited Cypriot investors and business leaders to explore opportunities across sectors in sharing an update on X, the Prime Minister wrote: 'Strengthening business ties! President Nikos Christodoulides and I met with top CEOs, with the aim of strengthening trade ties between India and Cyprus. Sectors such as innovation, energy, technology and others offer huge potential. I also spoke about India's reform trajectory over the past decade.' IN THIS STORY#Narendra Modi
India Today
15 hours ago
- Business
- India Today
India, EU committed to free trade agreement by year-end: PM Modi in Cyprus
Prime Minister Narendra Modi on Sunday began his five-day, three-nation visit with a stop in Cyprus, marking the first visit by an Indian Prime Minister to the island nation in over two decades. He was received at the airport by Cyprus President Nikos key highlight of the visit was his address at the India-Cyprus CEO Forum in Limassol, where he pitched India as a hub of digital innovation, infrastructure development and economic opportunity. He also mentioned that India and the European Union are working towards a free trade agreement by the end of this Modi said India has undergone significant transformation over the past decade, especially in the fields of digital payments, innovation, and infrastructure. He said, "It has happened after six decades that the same government has been elected for the third consecutive time." Pointing to India's rapid digital growth, he said, "There has been a digital revolution in the last 10 years. Financial inclusion has become an example of this. Today, 50 per cent of the world's digital transactions take place in India through UPI. Many countries, like France, are associated with it. Talks are going on to include Cyprus in this and I welcome it."He also highlighted the annual investment of over USD 100 billion in India's infrastructure sector, particularly in maritime and port development, shipbuilding, shipbreaking and civil aviation. PM Modi said a new shipbuilding policy is also being on India's startup ecosystem, he added, "Innovation has become a strong pillar of India's economic strength. Our more than 1 lakh startups sell solutions, not just dreams."In his address, the Prime Minister welcomed the establishment of the India, Cyprus and Greece Business and Investment Council, calling it "a very good initiative" with the potential to become an important platform for trilateral economic cooperation. He assured business leaders that ideas and suggestions shared during the forum would be taken forward through a concrete action Modi also noted that the Cyprus Stock Exchange and India's National Stock Exchange have agreed to cooperate in GIFT City, Gujarat. He invited Cypriot investors and business leaders to explore opportunities in to trade relations with Europe, he said, "Now we are committed to concluding a free trade agreement between India and the European Union by the end of this year. There is momentum in its negotiation."Earlier, PM Modi also shared a post on X, saying, "Strengthening business ties! President Nikos Christodoulides and I met with top CEOs, with the aim of strengthening trade ties between India and Cyprus. Sectors such as innovation, energy, technology and others offer huge potential. I also spoke about India's reform trajectory over the past decade."advertisementCyprus is the first leg of PM Modi's three-nation visit, with Croatia and Canada scheduled next.
