Mumbai, India. Cyprus and India are moving toward a more structured era of economic cooperation following a summit in Mumbai that brought together more than 450 industry leaders. The meeting focused on converting diplomatic engagement into commercial ventures in multiple sectors.
Summit focus and investor interest
According to InBusiness, the gathering highlighted growing interest among Indian investors in using Cyprus as a strategic gateway to the European Union. Industry experts told the outlet that discussions centred on practical applications for cross-border trade and investment rather than theoretical proposals.
Key sectors highlighted
Chrysilios Pelekanos of PwC Cyprus said the Indian business community views Cyprus as a safe, attractive, and complementary destination for expansion into the European Union. He cited high-growth areas including artificial intelligence, research and development, financial services, and green shipping as sectors where cooperation is particularly strong.
Geostrategic role and IMEC corridor
Petros Mavrommatis from KPMG said Cyprus is emerging as a geostrategic bridge connecting India with the Middle East and Europe, especially within the framework of the IMEC corridor.
Areas of business interest and enabling factors
The report said Indian firms have shown interest in investment funds, establishing regional headquarters, and real estate. This interest is supported by Cyprus’ common-law legal system and the widespread use of English.
Banking support and trade policy outlook
To support increased activity, Bank of Cyprus has launched a dedicated “India Hub” offering specialised banking products and support for corporate establishment and international transactions. The summit also highlighted the upcoming EU-India free trade agreement as a potential catalyst expected to reduce tariffs and improve access to the services market.
What opportunities do you think the EU-India free trade agreement could create for businesses operating through Cyprus?
