Mumbai: Cyprus President Nikos Christodoulides on Thursday said the island nation can act as a gateway for Indian companies seeking to expand into Europe and announced the setting up of a trade office in India's financial capital for facilitating cross-border partnerships.
Aimed at deepening bilateral business and investment ties, the 'Mumbai trade center' will become operational from September 1, 2026, the visiting dignitary said.
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Addressing the Cyprus-India Business Forum here, the Cyprus President said the Mediterranean nation is ready to act as a launchpad for Indian businesses looking to access not only the European Union but also the wider Eastern Mediterranean, Gulf and North African markets from a stable European base.
"The Cyprus Trade Center... is designed to function as a hub for business connectivity, helping Indian companies explore opportunities in Cyprus and across Europe, encouraging partnership with Cypriot enterprises, and facilitating access to the European Union through a stable, transparent and fully European Union-compliant business environment," he said.
The President said, Cyprus sees strong potential for cooperation with India across sectors such as digital technologies and artificial intelligence, financial services and fintech, renewable energy, logistics and freight infrastructure, tourism and maritime services.
