Latest news with #Cyprus-India
India Gazette
2 hours ago
- Business
- India Gazette
India's NSE and Cyprus Stock Exchange sign MoU to boost cross-border investments
Nicosia [Cyprus], June 16 (ANI): In a significant step towards strengthening economic ties between India and Cyprus, the NSE International Exchange at GIFT City, Gandhinagar, and the Cyprus Stock Exchange signed a Memorandum of Understanding (MoU) to enable dual listings and promote collaboration in financial research and outreach programmes. Ashish Kumar Chauhan, MD & CEO of the National Stock Exchange (NSE), told ANI that the MoU will help create new opportunities for cross-border investments and connect European companies with India through GIFT City. 'NSE International Exchange at GIFT City, Gandhinagar, which is India's face to the world, and Cyprus Stock Exchange, to do dual listing as well as research and outreach programmes on various financial instruments to create collaboration between European companies and GIFT City, Gandhinagar. This is going to open a new chapter in Cyprus-India relations going forward,' he stated. The initiative aims to benefit investors in both Cyprus and India and encourage cross-border capital flows between the two regions. The agreement was signed during Prime Minister Narendra Modi's visit to Cyprus, where he held a roundtable interaction with Cypriot President H.E. Nikos Christodoulides and business leaders from both countries. The meeting in Limassol brought together top names from various sectors such as banking, finance, defence, shipping, logistics, digital technology, artificial intelligence, tourism, and mobility. During the visit, several other business outcomes were also announced. BAO Capital Partners Ltd, a Cyprus-based Alternative Investment Fund Manager, revealed that it has secured commitments exceeding USD 100 million for its flagship fund focused on India. The fund will invest in public equities and emerging technologies aligned with the 'Make in India' initiative, especially in AgroTech, clean logistics, and drone applications, key sectors for improving rural productivity and sustainable growth. Additionally, the National Payments Corporation of India (NPCI), through its international arm NIPL, signed an MoU with Eurobank of Cyprus. The agreement will help introduce India's Unified Payments Interface (UPI) services in Cyprus, enabling seamless cross-border transactions. This move is expected to benefit both tourists and businesses in the two countries. These developments reflect the deepening of India-Cyprus economic relations and a shared commitment to expand partnerships in finance, innovation, and sustainable growth. (ANI)
United News of India
15 hours ago
- Business
- United News of India
PM Modi to be accorded Cyprus' highest honour at presidential palace tomorrow
Nicosia/New Delhi, June 15 (UNI) Prime Minister Narendra Modi will be awarded the Grand Cross of the Order of Makarios III – the highest honour in Cyprus, by President Nikos Christodoulides at the presidential palace tomorrow. On Monday, the two leaders will hold a private meeting at the presidential palace. President Christodoulides will then award PM Modi the Grand Cross of the Order of Makarios III – the highest honour in Cyprus. Afterwards, the two sides will hold delegation-level talks, with statements to be made to the media at the meeting's conclusion. The discussions are to centre on issues related to bilateral relations and ways to strengthen them, particularly in economic terms, in terms of trade, as well as regarding infrastructure and investment. Discussions will also be held regarding relations between India and the European Union, issues related to the planned 'India-Middle East-Europe Economic Corridor' (IMEC), the situation in the Middle East, and the latest developments on the Cyprus problem. Christodoulides and Modi will then visit the Green Line in central Nicosia, before turning to the presidential palace for an official lunch. Modi will then depart for Canada after the lunch. After his arrival in the afternoon today, President Christodoulides and PM Modi attended a roundtable meeting in Limassol alongside business leaders from both Cyprus and India, before attending an informal working dinner. Before leaving India, PM Modi had described Cyprus as 'a close friend and an important partner'. He said his visit to Cyprus 'provides an opportunity to build upon the historical bonds and expand our ties in the areas of trade, investment, security, [and] technology, and promote people-to-people exchanges'. Separately, External Affairs Minister S Jaishankar met his Cyprus counterpart Constantinos Kombos. 'Delighted to meet FM Constantinos Kombos @ckombos of Cyprus on my arrival at Larnaca. 'Confident that PM @narendramodi's visit to Cyprus will deepen our longstanding bilateral ties and the India - EU partnership.' The Cyprus FM said in a post on X: 'Distinct pleasure to welcome @DrSJaishankar to Cyprus, for the historic visit of Prime Minister @narendramodi. 'This visit reflects the enduring friendship between Cyprus and India and our shared commitment to strengthening Cyprus-India ties through diplomacy, dialogue, and mutual respect.' UNI RN
India Gazette
30-04-2025
- Politics
- India Gazette
Cyprus to raise Pahalgam terror attack issue at EU Foreign Ministers' Council: Envoy Vryonides
By Sahil Pandey New Delhi [India], April 30 (ANI): Cyprus will bring the Pahalgam terror attack to the attention of the European Union, specifically at the upcoming informal Foreign Ministers' Council meeting in Warsaw, according to Cyprus High Commissioner to India, Evagoras Vryonides. Discussing the recent telephone conversation between External Affairs Minister Jaishankar and Cyprus Foreign Minister Kombos, Vryonides told ANI, 'So the meeting was about to express our solidarity as a member of the European Union and as Republic of Cyprus and to see how we can move forward. In addition to that, Minister Kombos took the initiative to bring this issue to the organs of the EU and, in particular, the informal foreign minister's council that will happen in a few days in Warsaw. So this issue will be raised at that level. Naturally, there was already a reaction by the Commission, but this is in addition and in parallel to these steps.' Condemning the Pahalgam terror attack, Vryonides expressed shock and solidarity, stating, 'We were very shocked to hear about what happened in northern India, and of course, we joined our voice of condemnation and of solidarity with all the nations across the globe that condemned this horrible attack.' The High Commissioner described the Cyprus-India relationship as active and growing, noting plans for a visit by Foreign Minister Kombos to India this year. 'I'm happy to say it's a very active relationship from the 50s and 60s. It has been growing. The last few years. We have seen a number of presidential visits back and forth. Our foreign ministers met three, or four times the last two years. In fact, we are planning a new visit by Minister Kombos within the year, so hopefully, we'll be able to be hosted by Indian Government soon,' he said. On Cyprus-India security collaboration, Vryonides highlighted ongoing cooperation in the defence and military fields, with close ties between the defence ministries of both nations. 'So we look forward that in the future, there will be participation in joint military exercises and always in the purpose to deter military attacks and to prepare ourselves better,' he added. (ANI)
The Print
30-04-2025
- Politics
- The Print
Cyprus to raise Pahalgam terror attack issue at EU Foreign Ministers' Council: Envoy Vryonides
New Delhi [India], April 30 (ANI): Cyprus will bring the Pahalgam terror attack to the attention of the European Union, specifically at the upcoming informal Foreign Ministers' Council meeting in Warsaw, according to Cyprus High Commissioner to India, Evagoras Vryonides. Discussing the recent telephone conversation between External Affairs Minister Jaishankar and Cyprus Foreign Minister Kombos, Vryonides told ANI, 'So the meeting was about to express our solidarity as a member of the European Union and as Republic of Cyprus and to see how we can move forward. In addition to that, Minister Kombos took the initiative to bring this issue to the organs of the EU and, in particular, the informal foreign minister's council that will happen in a few days in Warsaw. So this issue will be raised at that level. Naturally, there was already a reaction by the Commission, but this is in addition and in parallel to these steps.' Condemning the Pahalgam terror attack, Vryonides expressed shock and solidarity, stating, 'We were very shocked to hear about what happened in northern India, and of course, we joined our voice of condemnation and of solidarity with all the nations across the globe that condemned this horrible attack.' The High Commissioner described the Cyprus-India relationship as active and growing, noting plans for a visit by Foreign Minister Kombos to India this year. 'I'm happy to say it's a very active relationship from the 50s and 60s. It has been growing. The last few years. We have seen a number of presidential visits back and forth. Our foreign ministers met three, or four times the last two years. In fact, we are planning a new visit by Minister Kombos within the year, so hopefully, we'll be able to be hosted by Indian Government soon,' he said. On Cyprus-India security collaboration, Vryonides highlighted ongoing cooperation in the defence and military fields, with close ties between the defence ministries of both nations. 'So we look forward that in the future, there will be participation in joint military exercises and always in the purpose to deter military attacks and to prepare ourselves better,' he added. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
