Information technology & information technology enabled services, biotechnology, pharmaceuticals and R&D, to mention a few will certainly and needed verve to our economic engagements. With the first luxury casino resort, the marinas and other major projects this is a space to watch out for new investments, said the Cyprus President. The other area where India can contribute is imparting and providing host of digital skills and services. Attracting talent is very important for boosting our entrepreneurial and start-up ecosystem. A new strategy recently completed aims to diversify and enrich the tourist product.
MANGALURU: Nicos Anastasiades , President of the Republic of Cyprus urged Indian industry to invest in the country’s key areas including banking and finance, shipping and transportation, education, science and technology, pharmaceuticals, renewable energy and tourism in order to stimulate trade and investments between the two countries said at ‘India -Cyprus Business Session’ jointly organized by Assocham, CII and FICCI.The President said, “I am pleased to inform that during my visit to New Delhi, a number of bilateral agreements and Memoranda of Understanding will be signed in the fields of Merchant Shipping, Air Services, Agricultural Co-operation, education and culture”.
“I believe that these areas of co-operation are some of those that have the potential to significantly boost our economic and commercial exchanges”.He said, Cyprus’s shipping industry has been one of the most successful export services of our country, as Cyprus enjoys the privilege of being one of the most influential global hubs for ship owning and ship management services, and home to some of the world’s most prominent names in shipping; offering competitive ship registration costs and favourable tax regime for ship management and other international business enterprises.
The education sector also has the capacity of becoming another significant area of collaboration between Cyprus and India. The three state Universities, and the five highly esteemed private universities offer a wide range of courses and degree programmes, attracting foreign students from all over the world, rendering the island a major educational centre in the region.Another field of great prospect relates to science and technology, on which India possesses much-needed and much-welcomed experience and expertise, which could greatly benefit Cyprus.
Attracting talent is very important for boosting our entrepreneurial and start-up ecosystem. For this reason, we have very recently introduced an attractive “Start-up Visa Scheme”, under which startups from India can easily locate in Cyprus and have easy access to the EU market.Other areas of co-operation which could be actively explored are those of renewable energy on which Cyprus has a long-standing expertise, and tourism Nicos Anastasiades added.
In this respect, the protocol on Air Services Agreement to be signed on Friday in New Delhi can pave the way for establishing direct connectivity between our two countries; thus increasing the so far very modest number of tourism exchanges if one considers the potential that this sector holds.