To give the bilateral relationship a new steam between India and Cyprus, the Cypriot President Nicos Anastasiades will arrive in India today on a five-day visit.
He will meet President Pranab Mukherjee, Prime Minister Narendra Modi and other senior level ministers do discuss the bilateral relationships.
Mr Anastasiades is also expected to sign various bilateral agreements.
He is expected to meet Vice President Hamid Ansari and External Affairs Minister Sushma Swaraj.
The Ministry of External Affairs released a statement which stated that, “This is the first visit of President Anastasiades to India. Earlier, he had substantive meetings with Prime Minister Modi on the sidelines of the United Nations General Assembly in New York in September 2015.”
President Anastasiades is scheduled to arrive in Mumbai today and he will address a business forum on April 26.
On April 27, he will address a business forum in Delhi and deliver a talk at the Observer Research Foundation (ORF) in Delhi. He is also expected to visit Mahatma Gandhi’s Samadhi at the Raj Ghat on April 28.
Cyprus and India enjoy robust economic ties. Cyprus is a major investor in India, with cumulative foreign direct investment of above USD 8.5 billion.
Cyprus is the eighth largest foreign investor in India and has invested in areas such as financial leasing, stock exchange, auto manufacture, manufacturing industries, real estate, cargo handling, construction, shipping and logistics.