Cyprus an efficient gateway to Europe, Research Minister tells Indian businesses

Cyprus offers a unique proposition for innovation, investment, and growth, Deputy Minister of Research, Innovation and Digital Policy, Nicodemos Damianou said, addressing the ICC Global Business Summit in Mumbai, India. Damianou showcased Cyprus’ strengths as a “reliable and forward-looking business partner, and an efficient gateway for Indian businesses into Europe and the wider region”.

Damianou noted that the bonds between Cyprus and India are deep and longstanding and have rapidly evolved in recent years. Cooperation now extends into technology, shipping, tourism, and investment. Cyprus is the 8th largest source of Foreign Direct Investment in India, while India ranks among the top ten investors in Cyprus.

The Deputy Minister also mentioned Cyprus' upcoming Presidency of the Council of the European Union next year, emphasizing the country's determination to strengthen the India–EU Strategic Partnership and advance the conclusion of the India–EU Free Trade Agreement.