Discover Why Cyprus is India’s Key Eastern Mediterranean Anchor in the IMEC

New Delhi: India is making strides with the India–Middle East–Europe Economic Corridor (IMEC), and Cyprus is stepping up as a key partner in this journey.

During Prime Minister Narendra Modi’s visit to Nicosia on June 15-16, the two nations shared a vision of connecting Asia, the Middle East, and Europe. They recognized Cyprus’s strategic location and EU membership, which positions it as a strong logistics and maritime hub under the IMEC initiative.

A joint statement from Modi and Cypriot President Nikos Christodoulides highlighted both countries’ commitment to using the IMEC as a way to enhance stability and promote economic growth in the region. They agreed that increasing connectivity through this corridor could greatly support peace efforts and foster a cooperative atmosphere.

“Cyprus and India share a strategic vision of serving as bridges between regions,” the statement noted. Both countries see IMEC as crucial for economic integration and sustainable development.

Cyprus aims to be a gateway into Europe, facilitating transshipment, storage, and logistics. Both nations expressed enthusiasm about Indian shipping companies establishing operations in Cyprus, which could lead to fruitful joint ventures and stronger economic ties.

Modi acknowledged Cyprus as a vital partner within the EU, wishing the country success in its upcoming EU presidency. He emphasized the need for dialogue in addressing today’s geopolitical challenges.

The IMEC, launched at the G20 Summit in September 2023, is designed to strengthen economic connections across India, the Middle East, and Europe. It competes with China’s Belt and Road Initiative, aiming to create secure and sustainable trade routes through a network of ports, railways, and digital infrastructure.

The corridor has two main segments. The Eastern Corridor connects India to the Arabian Peninsula and focuses on maritime transport. The Northern Corridor extends from the UAE to Europe, linking to countries like Saudi Arabia and Jordan and terminating at ports in Greece and possibly Israel.

This initiative is seen not just as an infrastructure plan but as a strategy to reshape global trade and cooperation. The joint commitment between India and Cyprus marks a significant step in building deeper connections across regions.

Recent data highlight the growing maritime sector, with Indian shipping firms increasingly looking to Cyprus for opportunities. As global trade dynamics shift, having a base in Cyprus allows India to strengthen its ties in the EU while enhancing its geopolitical stance in the Mediterranean.

Modi’s visit was also noteworthy as it was the first from an Indian Prime Minister to Cyprus in over twenty years. During the trip, he received the ‘Grand Cross of the Order of Makarios III,’ a recognition of the countries’ commitment to mutual peace and prosperity.

As the IMEC evolves, Cyprus is more than just a partner; it’s becoming a crucial node in India’s strategy for an interconnected future, marking its importance in both logistical and diplomatic arenas.



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