In the new issue of GOLD, coming out on Sunday, 19 October, Eurobank presents Cyprus–India: A New Chapter Unfolds (click here). In this issue, we examine the deepening ties with India and its role in shaping this promising East–West relationship.
Cyprus has long been a major investor in India (ranked as one of the top ten, with cumulative investments reaching US$14.65 billion between April 2000 and March 2025). These investments as FDI equity inflows are in sectors including services, computer and software, auto manufacture, manufacturing industries, real estate, cargo handling, construction, shipping and pharmaceuticals. Now, the relationship is maturing further as India seeks access not only to our own admittedly small market but, more importantly, to 500 million potential customers in the European Union, thanks to Cyprus’ EU membership and its unique business offering.
Economic relations have been steadily growing in recent years: in 2021, MoUs were signed between the investment agencies of the two countries to facilitate partnerships between businesses in Cyprus and India and to drive capital in both directions. These agreements and other related initiatives aim to foster a stronger investment relationship by creating a platform for knowledge exchange, capital flow, and deeper business synergies between the two countries, particularly in sectors like technology and innovation via the India-Middle East-Europe Economic Corridor (IMEC).
In this cover story, key diplomatic and business figures from both countries present the past, present and future state of Cyprus-India relations:
- Nikos Christodoulides, President of the Republic of Cyprus
- Constantinos Kombos, Minister of Foreign Affairs
- Cyprus’ High Commissioner to India, Evagoras Vryonides
- Indian High Commissioner to Cyprus, Shri Manish
- Viraj Kulkarni, Honorary Consul of Cyprus in Mumbai
- Evgenios Evgeniou, Chairman of Invest Cyprus
- Chrysilios Pelekanos, President of the Cyprus-India Business Association
- Marina Zevedeou, President, Women’s Indian Chamber of Commerce and Industry, Cyprus
- Sandeep Khosla, Director-General, Bombay Chamber of Commerce & Industry
- Rajeev Singh, Chair of the India-Greece-Cyprus Business Council
- Ashishkumar Chauhan, Managing Director and CEO, National Stock Exchange of India
- Marinos Christodoulides, Chairman, CSE Council
Also, Indian nationals working and living on the island share their experiences and views of their new second homeland:
- Sunil Kapoor COO & Partner - OL Shipping Group
- Uday Singhi CEO - Metdist Ltd
- Shruti Suman UX Strategist - Exness
- John Abraham CEO - AEON Payment Technologies
Representatives from companies that have chosen Cyprus as their destination talk about doing business in Cyprus:
- Indiver Rastogi, President & Group Head, Global Business Travel - Thomas Cook (India) Ltd
- Sanjay Tugnait, President & CEO - Fairfax Digital Services
- Alakh Verma, CEO - Bcentriqe.ai
- Pinaki Bag, Founder - DeltaSoft Solutions
- Anuraag Maheshwari, Founder and CEO - Sirtica Maritime Pvt.
Special Features:
- Doing Business with India
- Corporate Sustainability & Responsibility Strategies
- Investment Funds in Cyprus
Exclusive interviews & features:
- How Capital.com evolved into a global trading powerhouse
- In A Mellow Mood - Pavel Shynkarenko, CEO, Mellow
- Cyprus-German Ties Enter the Space Age- Germany’s Ambassador to Cyprus, Dr. Hans-Peter Jugel
- The Power of Giving and Kindness - Chris Christofi, founder and CEO, Reventon
- Surf’s Up - Jörg and Margarita Grether, owners of Windsurf City Cyprus
My Way: Evgenii Tiapkin
Five Minutes With: Dr. Nicholas A. Ioannides
Start Me Up: Piney
In Good Company: Semrush
You can download the magazine app on AppStore / GooglePlay /WebApp using the keywords GoldMagazine for Gold Magazine. You can also read the magazine online at the link https://bit.ly/goldoct25
All this and more in Issue 175 of GOLD magazine, out on Sunday, 19 October. Click here to read the digital edition.
