During his recent visit to Limassol, Cyprus, Prime Minister Narendra Modi spoke at the India–Cyprus CEO Forum, where he shared India’s growing plans to expand trade and business ties with Europe. One of the biggest announcements was that India and the European Union are working to finalize a Free Trade Agreement (FTA) by December 2025.
This agreement, once completed, will help increase trade, open more markets, and make doing business easier between India and European countries. Talks on this deal have been going on for a long time, and Modi’s announcement shows that both sides are now serious about finishing it soon.
Along with this, Modi also shared that India is working on another trade deal — this time with Greece. He said the aim is to sign this deal by the end of this year. This move shows India’s plan to build strong ties not just with the EU as a whole, but also with individual countries in Europe.
To support business between these nations, Modi launched a new platform called the India–Cyprus–Greece Business Council. This group will help companies from all three countries work together in areas like trade, investment, and technology.
Modi also invited businesses from Cyprus to invest in India, especially in sectors like finance and infrastructure. He pointed to the growing partnership between the Cyprus Stock Exchange and India’s NSE in GIFT City as an example of this rising cooperation.
Throughout his speech, Modi made it clear that India is becoming a global center for innovation, green energy, and digital growth. He said India is ready to take on a bigger role in global supply chains and is seen as a trusted partner by many countries.
By setting clear deadlines and creating new platforms for partnership, India is showing that it’s ready to play a bigger role in Europe’s economic future — and vice versa