Khabarindiaonline: India and Cyprus have signed two MoUs in the field of sharing of financial intelligence and environment.
The MoUs were signed between the two countries after delegation-level talks in Nicosia today.
India and Cyprus agreed for the revision in the Double Taxation Avoidance Agreement made in 2016 to further enhance investment partnership to grow by strengthening the institutional framework to facilitate investment cross flows.
In his address after holding discussion with the President of Cyprus Nicos Anastasiades today, President Ram Nath Kovind said that both the countries have agreed to enhance business collaboration in the field of IT and IT-enabled services, tourism, shipping and renewable energy.
He also thanked Cyprus for extending support to India’s bid for permanent membership of the UN Security Council and membership of the Nuclear Suppliers Group.
Both the leaders expressed concern over the threat of terrorism and called for the early adoption of the Comprehensive Convention on International Terrorism at the United Nations.
President Kovind also addressed an extraordinary session of the house of representatives of Cyprus. Speaking to the members of the house of representatives, Mr. Kovind said that there is a great potential of cooperation between India and Cyprus in the field of renewable energy.
He invited Cyprus to become part of International Solar alliance. He said India and Cyprus can also cooperate in the field of generic medicine and vaccine and Healthcare where India has made significant advances.
Earlier, President Kovind paid floral tributes on the bust of Mahatma Gandhi outside the house of representatives. Later tonight a banquet dinner is being hosted by the President of Cyprus in honour of President Kovind. ( Source: AIRN ).