Last Updated on May 22, 2026 5:03 pm by BIZNAMA NEWS
A R DAS / NEW DELHI
India and Cyprus have set an ambitious target to double bilateral investment flows over the next five years, Prime Minister Narendra Modi announced today following talks with Cypriot President Nikos Christodoulides.
The economic push comes on the back of a strong decade, during which investments from the Mediterranean nation into India have already doubled. PM Modi attributed this momentum to growing mutual trust and the strategic tailwinds of the ongoing India-EU Free Trade Agreement (FTA) negotiations.
“With the India-European Union Free Trade Agreement, numerous new possibilities have emerged,” PM Modi stated, emphasizing that the bilateral relationship is inherently “future-oriented.”
Beyond fiscal targets, the two nations solidified cooperation in security and technology by signing agreements to establish a joint working group on counter-terrorism and fostering pacts in innovation, higher education, and research. President Christodoulides lauded the rapid acceleration of India-EU and bilateral ties over the last 12 months.
In a social media post, Dr. Jaishankar said, he appreciated the positive sentiments and guidance for strengthening the bilateral ties between the two nations and India – EU cooperation. President of Cyprus, Nikos Christodoulides is on a four days visit to India. The President of Cyprus will meet President Droupadi Murmu at Rashtrapati Bhavan this evening.