Invest Cyprus confirms dynamic participation in the new India-Greece-Cyprus Business & Investment Council

Invest Cyprus has formally announced its participation in the newly established India-Greece-Cyprus Business and Investment Council.

The Council officially launched its work on Thursday, 13 February 2025 at the Taj Mahal Palace in Mumbai.

"This initiative is a milestone in strengthening economic ties between India, Greece and Cyprus and aims to enhance trade, investment and strategic cooperation in various sectors such as infrastructure, shipping, technology, financial services, startups and SMEs," an Invest Cyprus press release said.

The establishment of the Council follows the signing of a Memorandum of Understanding between Eurobank S.A. and the Indian Chamber of Commerce (ICC) in September 2024, it continued, adding this was, "A move that already demonstrates the commitment of the parties involved in opening and developing a stable and competitive economic channel."

Invest Cyprus went on to underline, "As India emerges as a global economic powerhouse and with Greece and Cyprus acting as strategic gateways to Europe, the India-Greece-Cyprus Business and Investment Council aims to accelerate cross-border trade and investment activity, create a platform for strategic collaboration between companies from the three countries, and create opportunities for digital transformation, green investment and resilient commercial ecosystems. This is one of the most dynamic efforts to formulate a clear, structured framework for cooperation between the three countries which is expected to catalyse new investment opportunities and enhance the competitiveness of businesses in various sectors."

"Invest Cyprus' participation in this pioneering and very important initiative is instrumental in further strengthening the business and investment ties between Cyprus and India. We firmly believe that creating a structured space to exchange experiences, develop partnerships and promote sustainable investments will bring significant benefits to all parties involved. Cyprus' central position as a gateway to Europe, combined with the opportunities in India, a market of 1.5 billion people and a rising global economic power, creates an attractive and dynamic environment for achieving these objectives," said Invest Cyprus CEO, Marios Tannousis. Tannousis is pictured third from the left in the above photo.

"Invest Cyprus is committed to actively contributing to the promotion of economic growth and cooperation between Cyprus, India and Greece. Through its participation in the newly established Council, the organisation aims to facilitate the exchange of experiences and the development of partnerships that will benefit not only businesses but also the entire economy of the region," the press release concluded.