Nicosia: Underlining Cyprus’ contribution to India’s economic growth, President Ram Nath Kovind today invited the businesses in the Mediterranean nation to invest in the country in the areas of digitalisation, Smart Cities, infrastructure and tourism.
Cyprus is the eighth largest investor in India and bilateral trade stands at around USD 8.2 billion.
During his address to the House of Representatives of Cyprus, the President said India is at an exciting juncture and offers appealing business opportunities.
He said massive outlays and attractive and viable projects are evident in the Digital India mission, Smart Cities mission and in key infrastructure sectors such as power and energy, highways, and ports and shipping.
India is also promoting tourism in a big manner, including by way of simplifying visa provisions and augmenting infrastructure and facilities, Kovind said.
“In all these areas, we look to Cyprus for partnership. You can come as investors and you can come as stake-holders, you can come to buy or to sell, you can come with your expertise and you can come with your brands and your skills,” he said. “India is open for business – and India is open for Cyprus,” Kovind added. Emphasising that India is the world’s fastest-growing large economy, the President said the country’s overriding mission is its economic growth and modernisation and “Cyprus, as a trusted partner and as one of the largest investors in India, is critical to this process”.
Noting that both the geographies are marked by long coastlines as well as being blessed by sunshine, Kovind urged Cyprus to become part of the International Solar Alliance, co-founded by India, and said there is much the two nations can do together.
“The strong connection between the citizens of Cyprus and India is the most important source of our bilateral energy,” he said.
The President said India believes that the global village is an integrated entity where every nation is part of an interlinked chain and contributes to each other’s prosperity. He said high-quality Indian generics and vaccines have driven down prices, reduced costs of healthcare and helped communities across the world.
“We would be happy to share our experiences and capacities with Cyprus,” Kovind said.
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