Nicosia, Cyprus. President Nikos Christodoulides departs for India on Wednesday for an official visit aimed at deepening bilateral relations, attracting investment, and advancing discussions around the India-Middle East-Europe Economic Corridor (IMEC).
Invitation and follow-up to Modi visit
The visit comes at the invitation of Indian Prime Minister Narendra Modi, following Modi’s trip to Cyprus last year, the first by an Indian premier to the island in 23 years, which laid the groundwork for what both sides described as a strategic partnership.
Speaking on Tuesday, Christodoulides said the trip builds on momentum created during Modi’s visit last June and described it as highly significant. He said the two countries had laid foundations for strategic cooperation in political matters as well as the economy, investment and tourism.
Agreements and expected announcements
Christodoulides said several agreements would be signed during the visit, reflecting political will on both sides to strengthen ties, with additional announcements expected.
European dimension and economic diplomacy
Diplomatic sources said the timing is important, coming months after the conclusion of the India-EU free trade agreement, which they said opened a new chapter in commercial relations. Cyprus’ current presidency of the Council of the EU is also expected to give the visit a broader European dimension.
Christodoulides is to be accompanied by a business delegation of around 50 entrepreneurs from sectors including technology, innovation, green transition, energy, manufacturing and industry.
Business forum and banking presence
A Cyprus-India business forum scheduled for Thursday will explore cooperation opportunities. Representatives from Cyprus’ three major banks, Eurobank, Bank of Cyprus and Alpha Bank, are also expected to attend, and Eurobank is set to inaugurate its representative office in Mumbai.
Planned topics and IMEC focus
Discussions are expected to cover technology, artificial intelligence, innovation, defence and security, defence industry cooperation, shipping, connectivity and tourism.
IMEC is expected to be a key focus, with sources saying Cyprus sees itself as well positioned to play a strategic role as a geographic gateway into the EU and a diplomatic bridge with the wider region.
What part of the Cyprus-India agenda will you be watching most closely during the visit?