More news about Indian business ventures into Greece has emerged since the visit of Prime Minister Narendra Modi to Athens on Friday.
The GRM giant, which already has a presence in our Greece, together with GEK TERNA, has constructed and operated the airport in Kasteli of Crete, taking advantage of the political will to strengthen economic relations between the two countries.
New Money cited a source from the tourism industry saying that GRM is looking to buy hotels in Crete.
Indian Prime Minister Narendra Modi’s visit to Greece at the invitation of Greek Prime Minister Kyriakos Mitsotakis marked the establishment of a new era in bilateral relations between the two countries.
The joint statement released during this visit announced the elevation of their bilateral ties to the level of a “strategic partnership,” underscoring a mutual commitment to deepen cooperation across various dimensions.
The foundation of this strengthened partnership lies in the historical, cultural, and economic ties that have connected India and Greece for decades.
The joint statement emphasised building upon these ties to create a framework encompassing political, security, and economic cooperation. This strategic partnership is a testament to the solid and enduring friendship between the two nations.
Economic collaboration: Doubling bilateral trade and beyond
One of the leaders' key goals is to double bilateral trade by the year 2030. This ambitious target reflects the shared understanding that economic collaboration is essential for the prosperity of both countries.
Recent bilateral trade and economic cooperation growth provided a solid foundation for pursuing this goal.
Beyond trade, the partnership extends to the realm of sustainable development. Greece’s inclusion in the International Solar Alliance (ISA) aligns with India’s vision of promoting renewable energy on a global scale.
Moreover, the anticipation of Greece’s membership in the Coalition for Disaster Resilient Infrastructure (CDRI) demonstrates the joint commitment to building resilient infrastructure against natural disasters.
