PM Modi Receives Cyprus' Highest Honour, Emphasizes India's Rapid Economic Growth
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Prime Minister Narendra Modi received the Grand Cross of the Order of Makarios III, Cyprus' highest honour, during his two-day visit to the country. Modi dedicated the honour to the profound friendship between India and Cyprus, highlighting the strength, aspirations, and timeless values of unity and Vasudhaiva Kutumbakam. During a roundtable interaction with business leaders, Modi emphasized India's rapid economic transformation, propelled by next-generation reforms, policy predictability, stable polity, and Ease of Doing Business. He highlighted the country's growth in sectors such as civil aviation, port, shipbuilding, digital payments, and green development, opening opportunities for Cyprus companies to partner with India. The Prime Minister also underlined the strengths of India's skilled talent and start-up ecosystem, and highlighted manufacturing, AI, Quantum, Semiconductor, and Critical Minerals as new and emerging areas contributing to India's growth story. He welcomed the keen interest in Cyprus for new investments into the Indian economy and noted that Cyprus was a significant economic partner for India, particularly in the Foreign Direct Investment sector. The two leaders welcomed the signing of an MOU between NSE International Exchange GIFT CITY, Gujarat and Cyprus Stock Exchange, emphasizing the potential for business engagement in the financial services sector. They also reaffirmed their commitment to further strengthen India-EU Strategic Partnership and expressed optimism about concluding the India-EU Free Trade Agreement by the end of the year. The business roundtable had given practical suggestions which would form the basis for a structured economic roadmap, ensuring long-term collaboration in trade, innovation, and strategic sectors. With shared aspirations and a future-focused approach, India and Cyprus are poised for a new era of dynamic and mutually beneficial economic cooperation.
