Blitz Bureau
Mumbai, June 16 : In a strategic push aligned with Prime Minister Narendra Modi’s Viksit Bharat mission, the collaboration between the National Stock Exchange (NSE) and the Cyprus Stock Exchange at GIFT City, Gujarat, has emerged as a symbol of India’s rising global financial influence.
At the Business Roundtable Meeting in Cyprus, Prime Minister Modi praised GIFT City as a fast-emerging global financial hub and welcomed the deepening ties between NSE International Exchange (NSE IX) and its Cypriot counterpart. He called the partnership a promising example of India’s expanding economic diplomacy.
“Thank you @pmoindia @narendramodi for your interaction with the business community yesterday in Cyprus and appreciating the collaboration between @nse_ix at GIFT City Gujarat and the Cyprus Stock Exchange,” wrote Ashish Kumar Chauhan, MD & CEO of NSE, in a post on X.
This development is part of a broader shift, as India accelerates toward its goal of becoming a developed nation by 2047. PM Modi’s endorsement of the India–Cyprus–Greece Business and Investment Council further emphasized the country’s commitment to building strategic economic bridges across continents.
Addressing the India–Cyprus CEO Forum, PM Modi highlighted India’s robust economic momentum:
“In the last one decade, India has become the fifth-largest economy in the world and in the near future, we are moving very fast towards becoming the third-largest economy.”
The Prime Minister also outlined India’s focus areas under the Viksit Bharat blueprint — including a new Manufacturing Mission, advanced port and maritime infrastructure, shipbuilding, and a rapidly expanding civil aviation sector. These are the pillars on which India is building a globally competitive economy.
A notable breakthrough in financial innovation also came with the announcement of a new UPI integration. NPCI International Payments Limited (NIPL) and Eurobank Cyprus reached an understanding to introduce UPI-based cross-border payments. This will make transactions smoother for both tourists and businesses, reinforcing India’s position as a leader in digital finance.
The GIFT City–Cyprus Stock Exchange collaboration is not just a bilateral agreement; it’s a reflection of India’s changing global role — from a developing economy to a strategic partner in high-value sectors. As GIFT City grows in stature, it will not only host such international ventures but also set benchmarks for innovation, transparency, and global best practices in finance.
This moment marks a significant step in the realization of Viksit Bharat — an India that is globally integrated, economically assertive, and future-ready.