Eurobank : India-Greece-Cyprus Business Council MoU signed in Athens

The managing director of Eurobank, Fokion Karavias, welcomed the signing of the Memorandum of Understanding and emphasised that Greece and Cyprus can be strategic entry points for Indian companies and investors in the EU.

Eurobank and the Indian Chamber of Commerce (ICC) signed a Memorandum of Understanding (MoU) to work towards the establishment of the India-Greece-Cyprus Business Council (IGC).

The MoU was signed at the Indian Embassy in Athens in the presence of the Indian Ambassador, Mr. Shri Rudrendra Tandon.

The managing director of Eurobank, Fokion Karavias, welcomed the signing of the Memorandum and emphasised that Greece and Cyprus can be strategic entry points for Indian companies and investors in the EU.

He also highlighted Cyprus’ unique advantages as a dynamic technology and research hub, investment gateway to the European Union, and Greece’s diversified economy, which offers a wide range of investment opportunities for Indian investors.

Representative Office in Mumbai

In addition, he pointed out that this strategic cooperation with the ICC is just one of the many initiatives undertaken by the Eurobank Group to strengthen economic and investment cooperation between India, Greece, and Cyprus. Eurobank plans to establish a Representative Office in Mumbai after receiving the required regulatory approvals.

ICC President Ameya Prabhu said the IGC Business Council will lay the foundation for strong bilateral business contacts and strategic partnerships as a first-of-its-kind initiative.

The Indian Ambassador, Shri Rudrendra Tandon, emphasised that the Memorandum includes possible synergies with the IMEC—India-Middle East-Europe economic corridor. The resolution for this corridor was adopted at the G20 summit in India and supported at the recent G7 summit in Italy.

Source: GCT–Paul Antonopoulos