CII signs strategic MoU with Cyprus Chamber of Commerce and Industry

MUMBAI: Apex business chamber CII signed a strategic memorandum of understanding (MoU) with Cyprus Chamber of Commerce and Industry (CCCI) on Thursday in the presence of Cyprus President Nikos Christodoulides and Maharashtra Chief Minister Devendra Fadnavis.

The CII–CCCI MoU aims to strengthen collaboration between Indian and Cypriot industries through investment promotion, joint ventures, business delegations, trade fairs and sector-focused engagements.

Alexis Vafeades, Minister of Transport and Communications of the Republic of Cyprus, Nicodemos Damianou, Deputy Minister of Research, Innovation & Digital Policy were also present at the Cyprus–India Business Forum here.

In a parallel development, the Society of Indian Defence Manufacturers (SIDM) signed an MoU with the Cyprus Defence & Space Industry Cluster (CyDSIC) to strengthen cooperation in defence manufacturing, aerospace innovation, dual-use technologies and industrial collaboration between India and Cyprus.

The agreements aim to enhance business linkages, industry exchanges and technology partnerships while creating new opportunities for collaboration in Defence and strategic sectors.

Speaking on the occasion, Jai Prakash Shivahare, India’s Joint Secretary (Europe), highlighted growing momentum in bilateral economic engagement and reaffirmed the shared commitment towards strengthening Cyprus–India economic relations.

B. Thiagarajan, Chairman CII National Committee on Skill and Livelihood Centres, stated that the CII–CCCI partnership would open new avenues for trade, investment and technology collaboration while deepening economic engagement between India and Cyprus. He highlighted that stronger industry partnerships would accelerate growth across key sectors including technology, manufacturing, logistics, defence, digital innovation and services.