🇮🇳🤝🇨🇾 India-Cyprus Roundtable: A New Chapter in Cross-Border Investment & Sectoral Growth

Posted On: 16th June 2025 | Source: PIB Delhi

By: Piyush Patel | Profit From It | Investor & Market Educator

📌 Executive Summary:

A high-level roundtable was held in Limassol, where business leaders from India and Cyprus engaged in discussions to enhance bilateral economic ties. With a focus on strategic sectors like finance, digital payments, shipping, defence, and AI, the session emphasized leveraging India’s rapid economic growth and Cyprus’s position as a gateway to Europe.

🔍 Key Sectors Discussed & Investment Outlook:

1️⃣ Banking & Financial Services

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  MoU Signed between NSE International Exchange (GIFT City) and Cyprus Stock Exchange.

  
  


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  Strong potential for capital market access, financial intermediation, and fintech partnerships.

  
  


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  Investor Watchlist:

  
  
  
  
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    HDFC Bank, ICICI Bank (international expansion via GIFT)

    
    
  
  
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    BSE Ltd, CDSL, CAMS, KFinTech (tech-driven market infra)

    
    
  
  
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    NSE-linked fintech enablers: Route Mobile, Infibeam Avenues

    
    
  
  
  
  

2️⃣ Digital Payments & Fintech

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  NPCI International & Eurobank Cyprus to introduce UPI for cross-border payments.

  
  


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  A major tailwind for payment enablers, fintech infrastructure, and NBFCs.

  
  


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  Investor Watchlist:

  
  
  
  
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    Paytm, PhonePe (Walmart-owned), MobiKwik (if listed)

    
    
  
  
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    FIS, Mastercard (Indian Partners)

    
    
  
  
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    IDFC First Bank, YES Bank (tech-heavy customer base)

    
    
  
  
  
  

3️⃣ Shipping, Maritime & Logistics

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  Trilateral India–Greece–Cyprus (IGC) Council to focus on shipping and port-led growth.

  
  


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  Opens gateways for Indian companies eyeing European logistics access via Cyprus.

  
  


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  Investor Watchlist:

  
  
  
  
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    Adani Ports, Gujarat Pipavav, Dredging Corp, Cochin Shipyard

    
    
  
  
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    Container Corporation of India (CONCOR)

    
    
  
  
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    Gateway Distriparks

    
    
  
  
  
  

4️⃣ Defence & Shipbuilding

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  Cyprus's strategic location in the Mediterranean and India’s push in defence exports could foster bilateral co-development.

  
  


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  Investor Watchlist:

  
  
  
  
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    Mazagon Dock, HAL, Bharat Electronics (BEL), Cochin Shipyard

    
    
  
  
  
  

5️⃣ Technology, AI, Semiconductor & Quantum

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  India highlighted as a hub for AI, Quantum Computing, and Semiconductor innovation.

  
  


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  Cyprus as a European data hub could partner Indian SaaS and chip firms.

  
  


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  Investor Watchlist:

  
  
  
  
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    Tata Elxsi, L&T Technology Services, KPIT, Dixon Technologies, Tata Semiconductor

    
    
  
  
  
  

6️⃣ Renewables & Green Development

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  IGC council to focus on renewables, with potential solar and battery partnerships.

  
  


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  Cyprus's EU Presidency in 2026 may offer policy facilitation for joint R&D.

  
  


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  Investor Watchlist:

  
  
  
  
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    ReNew Power, Adani Green, Borosil Renewables, Waaree Energies (IPO), Tata Power

    7️⃣ Tourism, Civil Aviation & Mobility

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  UPI boost + business ties → increased tourism & airline traffic.

  
  


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  Indian firms can offer IT, fintech, and hospitality tech to Cyprus tourism operators.

  
  


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  Investor Watchlist:

  
  
  
  
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    IndiGo (InterGlobe), IRCTC, Indian Hotels, Easy Trip Planners

    
    
  
  
  
  

🌐 Strategic Importance of Cyprus for India

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  FDI Gateway: Cyprus is already a key source of FDI to India, esp. in real estate and tech.

  
  


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  EU Access Point: Cypriot partnerships can provide Indian firms access to 27 EU member markets.

  
  


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  Hub for Indian Startups: IT/Fintech companies view Cyprus as a low-tax, talent-rich EU base.

  
  

📈 Long-Term Investment Implications

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  Strengthening of India–EU relations (FTA expected by end-2025).

  
  


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  Push for GIFT City as a global finance hub.

  
  


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  Rise in Indian tech, fintech, and manufacturing exports to Europe.

  
  


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  Encouragement for Indian midcap companies to expand globally via Cyprus.

  
  

📣 Investor Takeaway:

The India–Cyprus roundtable signals more than diplomatic engagement—it’s a catalyst for deep sectoral synergies, especially in finance, digital payments, tech, shipping, and renewables. For investors, this means long-term opportunities in globalizing Indian companies and increased relevance of GIFT City as a key player in international finance.

⚠️ Disclaimer:

This blog is for educational and informational purposes only and does not constitute investment advice or recommendations. Please conduct your own due diligence before making any investment decisions.