Prime Minister of Greece, Kyriakos Mitsotakis, sees significant potential to further strengthen the business ties between India and Greece. Addressing the ‘India-Greece Business Forum’, organized by FICCI and Enterprise Greece, he reiterated that, “Greece can be an attractive destination for Indian businesses.”
The Greek Prime Minister added that Greece is geographically located and is the natural entry point for Indian companies to enter the European market. He is hopeful about a bright future of economic development together by both countries. Especially in a post-Brexit world, he pointed out that Indian companies will be looking for a new European anchor to access the European market. He was very optimistic about the key partnership opportunities discussed with Prime Minister Narendra Modi and expects concrete announcements soon.
Particularly, he stressed on the mobility migration agreement, enabling more Indian labour to come to Greece in an organized manner. He outlined that sectors like construction, hospitality and agriculture are facing labour shortage and the synergies between India and Greece can be well harnessed in this case.
Highlighting the areas of potential, Greek Prime Minister Mitsotakis said that there are various sectors with huge potential which include defence, drones (sea drones particularly), agriculture, ICT, tourism, hospitality and film industry. He also pointed out that the shipping and logistics sector and infra development areas are other possible avenues that could see a lot of partnership between India and Greece going forward.
He stated that India is a powerhouse for technological development, and Greece, emerging over the past decade, has a very dynamic tech sector, primarily fuelled by Start-up companies that have been doing incredibly well. “I can see interesting natural synergies emerging in the technology space,” added Mitsotakis.
India-Greece Business Forum’ organised by FICCI and Enterprise Greece saw delegates across India and Greece came together for explore synergies.
Meanwhile, Konstantinos Fragkogiannis, Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness of Greece stated that to further strengthen economic relations, both countries need to focus on the unique advantages of India and Greece.
He added that both nations have interests in diversifying sources, routes, and supplies, as well as developing regional interconnections to improve energy security. Bilateral engagements with India with a focus on sectors like artificial intelligence, culture, science and technology, tourism and energy are the top priority of the government, stated Fragkogiannis.