Latest news with #India-CyprusCEOForum
Time of India
16-06-2025
- Business
- Time of India
Iran Attack ‘Puzzles' Israeli Air Defence; Missile Loops Back Mid-Air & Explodes
PM Modi Announces Talks to Include Cyprus in UPI, Hails India's Digital Payment Revolution In a landmark announcement at the India-Cyprus CEO Forum in Limassol, Prime Minister Narendra Modi revealed that talks are underway to bring Cyprus into the Unified Payments Interface (UPI) network. Highlighting India's digital transformation, PM Modi stated that 50% of global digital transactions now occur in India through UPI. He welcomed Cyprus' potential inclusion, pointing to the growing global footprint of India's real-time payment system, already adopted by countries like France. Modi also emphasized India's innovation-driven growth, noting over 1 lakh startups are powering solutions worldwide. From massive infrastructure investments to new policies in shipbuilding and aviation, the address showcased India's rising global economic influence and strong fintech leadership. The collaboration with Cyprus marks a bold step in expanding India's financial and technological diplomacy.#PMModi #ModiInCyprus #UPIExpansion #DigitalIndia #FintechDiplomacy #IndiaCyprusRelations #NarendraModi #IndiaUPI #GlobalUPI #UPIGoesGlobal #IndianEconomy #toi #toibharat #bharat #breakingnews #indianews 831 views | 4 hours ago
India Today
16-06-2025
- 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
Time of India
16-06-2025
- Business
- Time of India
‘Won't Stop Until Entire Israel…': Iran's IRGC Announces CHILLING Operation After Intel Boss Killed
PM Modi Announces Talks to Include Cyprus in UPI, Hails India's Digital Payment Revolution In a landmark announcement at the India-Cyprus CEO Forum in Limassol, Prime Minister Narendra Modi revealed that talks are underway to bring Cyprus into the Unified Payments Interface (UPI) network. Highlighting India's digital transformation, PM Modi stated that 50% of global digital transactions now occur in India through UPI. He welcomed Cyprus' potential inclusion, pointing to the growing global footprint of India's real-time payment system, already adopted by countries like France. Modi also emphasized India's innovation-driven growth, noting over 1 lakh startups are powering solutions worldwide. From massive infrastructure investments to new policies in shipbuilding and aviation, the address showcased India's rising global economic influence and strong fintech leadership. The collaboration with Cyprus marks a bold step in expanding India's financial and technological diplomacy.#PMModi #ModiInCyprus #UPIExpansion #DigitalIndia #FintechDiplomacy #IndiaCyprusRelations #NarendraModi #IndiaUPI #GlobalUPI #UPIGoesGlobal #IndianEconomy #toi #toibharat #bharat #breakingnews #indianews 161 views | 2 hours ago
Time of India
16-06-2025
- Business
- Time of India
PM Modi Backs India-Cyprus Ties, Eyes FTA With EU, Greece, UK in CEO Forum Address
/ Jun 16, 2025, 11:23AM IST Prime Minister Narendra Modi addressed the India-Cyprus CEO Forum in Limassol, spotlighting India's rapid economic growth and strong global trade ambitions. He highlighted India's ongoing digital and manufacturing revolution and reiterated commitment to finalize a Free Trade Agreement (FTA) with the European Union by year-end. PM Modi also noted the recent UK-India FTA progress and plans to conclude an FTA with Greece soon. He welcomed the strategic cooperation between Cyprus Stock Exchange and NSE in GIFT City, Gujarat. Modi called Cyprus a trusted long-term partner and praised the mutual investments and business links, calling Cyprus a 'gateway to Europe' for Indian companies. He announced the establishment of the India-Cyprus-Greece Business and Investment Council and reaffirmed India's position as one of the world's fastest-growing economies under a historic third consecutive term in office.#PMModi #ModiInCyprus #IndiaCyprusTies #GlobalFTA #IndiaEUFTA #GiftCity #ModiSpeech #IndianEconomy #TradeWithEurope #CyprusGateway #GreeceIndiaFTA #toi #toibharat #bharat #breakingnews #indianews
NDTV
16-06-2025
- Business
- NDTV
"50% Of World's Digital Transactions Take Place In India Through UPI": PM Modi In Cyprus
Limassol: Highlighting India's rapid economic growth and vast potential at the India-Cyprus CEO Forum, Prime Minister Narendra Modi has said that India has become the fifth-largest economy in the world today and is now on the path to becoming the third largest global economy soon. Addressing the India-Cyprus CEO Forum in Limassol on Sunday (local time), the Prime Minister said that introducing tax reforms with the implementation of GST, corporate tax and decriminalising several laws, his government has given prime importance to the ease of doing business apart from having a clear and stable policies. "Friends, you know very well that we have done tax reforms. One nation, one tax system has been introduced with GST. Corporate tax has been made. We have done the work of decriminalising thousands of laws. We have given equal emphasis on ease of doing business as well as trust in doing business. Today, India has a clear policy. Along with this, there is also a stable policy," he said. PM Modi said that this visit was the first for India's Prime Minister after two decades. During this visit, the first meeting was a business forum, showing the importance associated with the economic world. "Many Indian companies have also in a way seen Cyprus as a gateway to Europe. Today mutual trade has reached $150 million. But the real potential of our relationships is much more than that. Most of you are associated with India," he said. "In the last one decade, India has become the fifth largest economy of the world and in the near future, we are moving very fast towards becoming the third largest economy of the world. Today, India is one of the fastest-growing emerging economies in the world... Today, India has a clear policy." PM Modi highlighted that India has experienced a significant digital revolution, with 50 per cent of digital transactions worldwide happening through the Unified Payments Interface (UPI). This digital transformation has been a game-changer for the country, promoting financial inclusion and innovation, he added. "It has happened after six decades that the same government has been elected for the third consecutive time. 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 Unified Payments Interface i.e, UPI," said PM Modi. The Prime Minister welcomed talks to include Cyprus in UPI, similar to France, and said, "Many countries, like France, are associated with it. Talks are going on to include Cyprus in this and I welcome it." He highlighted India's growing economic strength and its focus on futuristic infrastructure development. PM Modi also detailed focus areas, including the new Manufacturing Mission, maritime and port development, shipbuilding, and a rapidly expanding civil aviation sector. The Indian government has launched the Manufacturing Mission to boost the country's manufacturing sector, focusing on sectors like electronics, information technology, semiconductors, biotech, and green development, he said. This initiative aims to make India a global hub for semiconductor manufacturing and promote economic growth. "We are investing more than a hundred billion dollars annually in developing futuristic infrastructure in India. In this year's budget, we have started the Manufacturing Mission. Our focus is on maritime and port development. We are also giving priority to shipbuilding and shipbreaking. A new policy is also being brought for this. The civil aviation sector is also moving forward rapidly. Innovation has become a strong pillar of India's economic strength. Our more than 1 lakh startups sell solutions, not just dreams," said PM Modi. PM Modi invited investors to take advantage of India's growth story, emphasising the country's favourable policies, thriving market, and growing talent pool. He encouraged companies to co-develop, co-design, and co-produce in India, leveraging economic and technological growth. PM Modi said that this visit was the first for India's Prime Minister after two decades. During this visit, the first meeting was a business forum, showing the importance associated with the economic world. "After twenty-three years, the Prime Minister of India has arrived in Cyprus. And the first program is being organised for the Business Round Table. This is an indication of the importance of people's association with the economic world in the relationship between India and Cyprus. I have listened very carefully to your thoughts," PM Modi said. PM Modi said that India realises Cyprus' commitment to building economic ties. "I have realised your commitment to India-Cyprus economic ties. There is immense potential for advancement in our relationship. Cyprus has been our trusted partner for a long time, which you also mentioned. And significant investment has also been made in India from here," he said. PM Modi said that the Indian economy is growing in the civil aviation and start-up sectors, with hundreds of unicorns. "It is also growing rapidly in the civil aviation sector. Indian companies have placed new orders for more than 1,000 aircraft. Innovation has become a strong pillar of India's economic strength. More than one hundred thousand of our start-ups. Not just dreams sell solutions. Of these, hundreds have become unicorns. India is in the balance of economy and ecology," he added. PM Modi said India is committed to securing a sustainable future. "India believes, and we are committed to paving the way for a clean and green future. By 2030, we are moving very fast toward the target of 500 gigawatts of renewable energy. Growth of green shipping and up to 2030. They are working fast to make the railways 100 per cent carbon neutral. AI Mission, Quantum Mission, Semiconductor Mission, Critical Mineral Mission, Nuclear Power Mission are becoming the new engine of our growth engine," he added. PM Modi is currently on a two-day visit to Cyprus from June 15 to 16, at the invitation of President Nikos Christodoulides, the first by an Indian Prime Minister in more than 20 years.
