As global supply chains shift and new trade routes emerge, Cyprus is positioning itself as a reliable and strategic partner for Indian companies seeking a stronger presence in Europe
PRAVASISAMWAD.COM
Cyprus is stepping up efforts to position itself as a key entry point for Indian businesses looking to access the European Union, following fresh momentum in economic ties between India and the EU.
This renewed interest comes after the European Union and India recently concluded a long-awaited free trade agreement, which is expected to reduce tariffs on European goods and make it easier for companies to operate across markets.
The agreement is seen as a major boost for Cyprus-India commercial relations. Several sectors are expected to benefit, including technology, services, defence, agriculture and shipping. These areas offer strong scope for partnerships, trade expansion and joint ventures between companies from both countries.
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Cyprus and India already share warm diplomatic relations and growing business links
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Over the years, these ties have encouraged several Indian firms to set up operations in Cyprus, attracted by its strategic location, business-friendly environment and access to EU markets. Cyprus is now keen to build on this foundation
Within the broader framework of the India–Middle East–Europe Economic Corridor (IMEC), Cyprus is promoting itself as a natural bridge connecting India with Europe and the Middle East. Business groups in both countries are exploring new investment opportunities, with particular interest in digital innovation and the hospitality sector.
Other areas drawing attention include defence technology, infrastructure development, resource management, agriculture, film production and cybersecurity. These sectors align well with Cyprus’s long-term economic plans and India’s growing global business footprint.
The growing partnership is expected to receive a further push when Cypriot President Nikos Christodoulides visits India on an official trip in May. The visit is likely to focus on strengthening trade ties, encouraging investments and deepening cooperation across key industries.
