Deputy Minister of Research, Innovation and Digital Policy, Dr Nicodemos Damianou held a meeting in Mumbai with CEO of the Stock Exchange of India (NSE), Ashishkumar Chauhan, highlighting the role of Cyprus as a gateway to Europe for Indian businesses.
According to a press release by the Deputy Ministry, the visit is part of a dynamic period of deepening of bilateral Cyprus-India business and investment relations, which is already yielding tangible results, since Indian companies, mainly in the technology sector, are already operating in Cyprus.
It is noted that the visit took place following the Indian Prime Minister's visit to Cyprus and the Memorandum of Understanding signed in June between the NSE and the Cyprus Stock Exchange (CSE). The Memorandum, it says, paves the way for collaborations in investment, development of new financial products and parallel listing of companies on the Stock Exchanges, and is considered particularly important for strengthening the broader framework of business cooperation between the two countries.
The Deputy Ministry says that during the discussions with the leadership of the NSE, Cyprus' role as a gateway to Europe for Indian businesses was highlighted. In addition, the prospects for developing strategic partnerships in cutting-edge areas such as cybersecurity and artificial intelligence in the financial services and capital markets sector were also stressed.
The press release says that according to Damianou, "the strengthening of the cooperation in matters concerning innovation in the financial sector constitutes another step towards the expansion of Cyprus-India business relations, especially with the Mumbai region, which is a center of financial activity, concentrating around 40% of all Foreign Direct Investment in India".
The Deputy Minister was accompanied by Chief Scientist for Research, Innovation and Technology, Demetris Skourides, CEO of Invest Cyprus, Marios Tannousis, General Secretary of the Cyprus Chamber of Commerce and Industry Philokypros Rousounides, and High Commissioner of Cyprus to India, Evagoras Vryonides.
During his visit, the Deputy Minister also had the honour of ringing bell at the closing of the NSE, "symbolically marking the new era of India-Cyprus cooperation in the capital markets".
✈️ Στη Βομβάη, είχα την τιμή να επισκεφθώ το @NSEIndia και να συναντηθώ με τον Διευθύνοντα Σύμβουλο & CEO, Shri @ashishchauhan . Αφετηρία για τη συνάντηση, οι προοπτικές που αναδύονται ως απόρροια του MoU που υπεγράφη τον Ιούνιο μεταξύ του NSE και του Χρηματιστηρίου Αξιών Κύπρου.… pic.twitter.com/AIMqXgJa5L
— Nicodemos Damianou (@NicDamianou) September 20, 2025
(Sources: CNA, X)
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