India, Cyprus Elevate Ties To Strategic Partnership; Set Up Joint Task Force On Infrastructure, Shipping

India and Cyprus on Friday elevated bilateral ties to a strategic partnership and agreed to deepen cooperation in infrastructure, shipping, maritime security and investment.

PM Modi shakes hands with Cyprus President Nikos Christodoulides before a meeting at the Hyderabad House in New Delhi on May 22.

Source : PTI

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Key points generated by AI, verified by newsroom

• India and Cyprus elevated ties to a strategic partnership.
• Joint task force will boost infrastructure and shipping cooperation.
• Leaders discussed West Asia crisis and Ukraine hostilities.
• Aim to double Cyprus investment in India within five years.

New Delhi, May 22 (PTI) India and Cyprus on Friday elevated their ties to a strategic partnership and set up a joint task force to facilitate deeper cooperation in sectors such as infrastructure and shipping as Prime Minister Narendra Modi hosted Cyprus President Nikos Christodoulides for wide-ranging talks.

The two leaders also deliberated on the West Asia crisis as well as the Ukraine conflict, with PM Modi saying New Delhi supports all efforts for an early end to the hostilities.

"Over the past decade, investment from Cyprus to India has nearly doubled. Trust between the two countries has increased, and with the India-European Union Free Trade Agreement, numerous new possibilities have emerged," Modi said in his media statement.

Taking advantage of this, we are targeting to double this investment again in the next five years, he said.

"And to realise this resolve, today we are elevating our trusted relationship to a strategic partnership," he added.

The prime minister also noted that the friendship between India and Cyprus is both "strong and futuristic" as he elaborated on various aspects of his talks with Christodoulides.

"We also discussed global issues. Whether it is Ukraine or West Asia, we will continue to support efforts for the early end of the conflict and for peace," Modi said.

"We are also unanimous on the view that reform of global institutions is urgent and important for resolving the growing global challenges," he said.

The prime minister said the two countries also decided to expand cooperation in areas of maritime security and counter-terrorism.

In his remarks, Christodoulides said India and Cyprus decided to set up a joint task force for cooperation in key sectors such as infrastructure and shipping.

Christodoulides kick-started his three-day visit to India on Wednesday. 

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)