India–Cyprus Business Summit in Nicosia Highlights New Opportunities in Trade and Investment

The India–Cyprus Business & Investment Summit 2026 convened in Nicosia under the presence of the Indian High Commission in early March. The event brought together over 250 Cypriot business leaders and policymakers, alongside a delegation of around 20 Indian companies and institutions, to explore opportunities in trade, investment, innovation and connectivity. Participants noted that this high-level summit builds on the momentum of last year’s joint declaration and the new five-year India–Cyprus Action Plan (2025–2029).

India and Cyprus are advancing bilateral cooperation through the 2025–2029 Joint Action Plan, combining India’s economic scale and innovation with Cyprus’s strategic access to European markets

Strategic Outlook and Key Addresses

High Commissioner Mr. Manish emphasized in his welcome address that India–Cyprus relations are gaining “growing momentum” following the preparation of the Joint Action Plan for 2025–29.

He highlighted India’s large economy and dynamic innovation ecosystem, combined with Cyprus’s EU market access and strong services sector, as a powerful platform for deeper economic cooperation.

The summit also featured addresses from Cypriot leaders. Mr. Stavros Stavrou, President of the Cyprus Chamber of Commerce and Industry (CCCI), delivered a special address, and Mr. Demetris Assos, Head of Asia & Oceania at Cyprus’s Foreign Ministry (speaking on behalf of the Foreign Minister), underlined the growing strategic convergence between India and Cyprus. They stressed the potential to expand bilateral trade, investment and innovation partnerships.

India and Cyprus are strengthening economic cooperation by combining India’s innovation and scale with Cyprus’s strategic access to the EU

Sectoral Cooperation and Dialogue

Keynote speeches and panel discussions spanned technology, financial services, innovation ecosystems, human capital mobility and energy connectivity.

Policymakers, entrepreneurs and industry leaders from both countries shared insights on these sectors. Delegates noted the strong complementarity of the two economies: India offers scale, innovation and vast market opportunities, while Cyprus serves as a strategic gateway into the European Union. Sessions also highlighted initiatives like industry-to-industry exchanges and structured B2B meetings to advance collaboration.

The summit underscored a shared commitment to deepening India–Cyprus economic ties. In addition to reaffirming the joint five-year action plan for 2025–29, stakeholders emphasized leveraging India’s innovation and Cyprus’s EU gateway status to drive future growth. Both sides expressed confidence that this enhanced cooperation will translate into concrete business and investment outcomes in the coming years.