The strategic partnership was formalized throughout Prime Minister Narendra Modi’s state go to to Cyprus and witnessed by Cyprus President HE Nikos Christodoulides, throughout a high-level roundtable titled “Advancing a Strategic Financial Partnership” in Limassol.
This MoU goals to boost bilateral capital market collaboration by a spread of initiatives, together with cross and twin listings of economic devices, joint growth of modern monetary merchandise, fintech engagement, and mutual analysis and coaching packages.
It additionally marks a symbolic push to attach the Indian capital markets with their European counterparts by the rising world monetary hub of GIFT Metropolis.
Welcoming the event, Prime Minister Modi stated, “I’m happy to know that the Cyprus Inventory Trade and NSE have agreed to collaborate in Gujarat’s GIFT Metropolis,” underlining the importance of the partnership in India’s broader objective to internationalize its monetary markets.
Ashishkumar Chauhan, Managing Director and CEO of the Nationwide Inventory Trade, known as the MoU a milestone settlement. “This paves the best way for collaboration in twin and cross listings, modern product growth, and shared analysis, coaching, and outreach initiatives. It additionally promotes broader world investor entry by GIFT Metropolis,” Chauhan stated.V Balasubramaniam, MD & CEO of NSE IX, emphasised the strategic significance of the settlement. “This collaboration with the Cyprus Inventory Trade is a key step in constructing sturdy, cross-border market infrastructure. It displays a shared imaginative and prescient to boost worldwide monetary connectivity and drive worth for traders and establishments in each India and Europe,” he stated.As India positions GIFT Metropolis as a worldwide monetary hub, this partnership is anticipated to open new avenues for capital flows, know-how trade, and monetary innovation, notably by leveraging Cyprus’s gateway standing within the European Union.
