Ashish Chauhan Thanks PM Modi For Backing NSE-Cyprus Stock Exchange Tie-Up

Ashish Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), has extended his heartfelt thanks to Prime Minister Narendra Modi for recognising and appreciating the strategic collaboration between NSE International Exchange (NSE IX) and the Cyprus Stock Exchange at GIFT City in Gujarat.

The Prime Minister’s acknowledgement came during a Business Roundtable Meeting on the sidelines of his visit to Cyprus.

During the meeting, PM Modi emphasised the importance of GIFT City as an emerging global financial hub, noting its increasing relevance in international markets.

“India is not just growing economically but also establishing financial infrastructures of global standards,” he remarked.

His comments underscored India’s commitment to transforming GIFT City into a world-class financial centre.

Taking to X (formerly Twitter), Chauhan expressed his appreciation. “Thank you @pmoindia @narendramodi for your interaction with business community yesterday at Cyprus and appreciating the collaboration between @nse_ix at Gift City Gujarat and Cyprus Stock Exchange,” he posted.

Strengthening international economic ties

PM Modi welcomed the NSE-Cyprus collaboration and encouraged deeper engagement in areas such as tourism and business investments.

He praised the creation of the India–Cyprus–Greece Business and Investment Council, which is seen as a vital step in bolstering trilateral economic cooperation and facilitating mutual growth across sectors.

Speaking at the India-Cyprus CEO Forum, Prime Minister Modi underlined India’s rapid economic ascent.

“In the last decade, India has become the world’s fifth-largest economy and is swiftly moving towards becoming the third-largest,” he stated.

He further outlined India’s progress across sectors and its policy-driven economic environment.

PM Modi also highlighted key sectors shaping India’s future, including the Manufacturing Mission, maritime and port development, and shipbuilding.

He noted that India’s civil aviation sector is expanding rapidly, supporting economic integration and global connectivity.

In another significant development, NIPL (NPCI International Payments Limited) and Eurobank Cyprus reached an understanding to introduce UPI-based cross-border payment services.

The initiative will benefit both tourists and businesses by enhancing transaction ease and strengthening economic linkages between the two countries.

The recognition of the NSE-Cyprus partnership and the broadening of economic dialogue signal India’s growing influence in the international financial landscape.

As GIFT City continues to evolve, collaborations like these reaffirm India’s ambition to serve as a trusted and innovative economic partner on the global stage.

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