2023 Doing Business in Cyprus (India Edition)

More documents

Info

DOING BUSINESS C YPRUS 66 INDIA EDITION INTERVIEW President, Cyprus-India Business Association Chrysilios Pelekanos Cyprus offers a comprehensive business ecosystem making it a compelling prospect for Indian enterprises setting their sights on Europe, and there is considerable room to enhance the current trade volumes and investment flows between Cyprus and India, says Chrysilios Pelekanos.
DOING BUSINESS C YPRUS 67 INDIA EDITION How would you describe the current trade relations between Cyprus and India? Regarding trade relations, Cyprus is among the 10 largest investors in India with an accumulative investment of US$12 billion during the last two decades. Cyprus is classified as Foreign Portfolio Investors (FPIs) eligible for a Category 1 licence, and is one of the three countries, outside Financial Action Task Force (FATF) countries, to obtain such an approval from the Central Government of India. This classification offers facilitation of investment funds from Cyprus for investors and asset managers in the Indian markets, further cementing Cyprus’ reputation as a prime hub for businesses navigating the European and Indian markets. Furthermore, the potential for expanding these trade relations is enormous. There is considerable room to enhance the current trade volumes and investment flows between Cyprus and India. With increasing globalisation and the ongoing development of new economic sectors, both countries stand to benefit significantly from deeper collaboration in areas such as technology, renewable energy, tourism, and maritime trade. This untapped potential offers a promising avenue for future growth, reinforcing the already strong ties between Cyprus and India. What economic sectors in Cyprus have seen significant investment and participation from India, and in what type of projects and activity? In recent years, the economic collaboration between Cyprus and India has expanded significantly, touching various sectors with substantial investments and active participation. The key areas of focus include fintech, renewable energy, shipping, and tourism. In regard to fintech and information technology, India’s renowned expertise in IT and innovative fintech solutions has found a receptive market in Cyprus. The island’s stable regulatory framework, combined with its strategic location as a gateway to Europe, has made it an attractive destination for Indian IT firms and fintech start-ups. Projects in these sectors often involve the development of digital banking solutions, cybersecurity innovations, and blockchain technologies. As the global emphasis on sustainability grows, the partnership between Cyprus and India in renewable energy has gained ICyprus is among the 10 largest investors in India with an accumulative investment of US$12 billion during the last two decades. momentum. Indian companies have been involved in various projects in Cyprus, focusing on solar energy development, wind energy, and other sustainable technologies. This collaboration is strengthened by Cyprus’ commitment to green energy initiatives and India’s vast expertise and market in renewable energy.
Page 1 and 2:
TheProfilerGroup DOING BUSINESS CYP
Page 3 and 4:
The New Equation The New Equation i
Page 5 and 6:
Residents will leave their apartmen
Page 7 and 8:
There are new competitors with a fr
Page 9 and 10:
DOING BUSINESS C YPRUS 9 INDIA EDIT
Page 12 and 13:
DOING BUSINESS C YPRUS 12 INDIA EDI
Page 14 and 15:
DOING BUSINESS C YPRUS 14 INDIA EDI
Page 16 and 17: DOING BUSINESS C YPRUS 16 INDIA EDI
Page 44: DOING BUSINESS C YPRUS 44 INDIA EDI
Page 65: The World of Capital Markets in Asi
Page 71 and 72: “WE ENRICH THE LIVES OF THOSE WHO
Page 82: DOING BUSINESS C YPRUS 82 INDIA EDI
Page 87 and 88: Flavours oF Cyprus ts@meci.gov.cy w
Page 89 and 90: THERE IS A PLACE WHERE… you have
show all

2023 Doing Business in Cyprus (India Edition)

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?