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Home > All news > Economy > Greece is natural entry point for India to tap the European market : Greek PM
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Greece is natural entry point for India to tap the European market : Greek PM

February 26, 2024
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Greece is natural entry point for India to tap the European market : Greek PM

NEW DELHI : Greece and India have a “lot of complementarities” in shipping, pharma and other sectors, Greek Prime Minister Kyriakos Mitsotakis recently said as he emphasised that his country is the natural entry point for Indian companies to tap the European market.

Addressing the ‘India-Greece Business Forum’, organised by FICCI and Enterprise Greece here, he said Greece and India have a “lot of complementarities” in shipping, pharma, such as defence, drones, agriculture, information and communication technology, tourism.

He said “we expect to make concrete announcements very soon regarding the signing of the mobility migration agreement, enabling more Indian labour to come to Greece in an organised manner”.

On a sector-to-sector approach, the prime minister said, “You will realise that there’s a lot of complementarities between sectors where Greece has a comparative advantage and where India is also quite strong.” “I can see interesting natural synergies emerging in the technology space,” he added.

Greece is natural entry point for India to tap the European market : Greek PM

Mitsotakis is the first Greek premier to travel to India in 16 years, and his trip is a follow-up to Indian Prime Minister Narendra Modi’s visit to Athens last year, the first by an Indian premier in four decades.

According to him, drones, sea drones, shipping, pharma, financial services, banking, insurance agriculture, among others, are such areas where Greece sees a lot of complementarities with India.

“We have great people to people, connections, we have a vibrant Indian community in Greece, and we want to foster these connections much further,” he emphasised.

The Prime Minister added that Greece’s location is such that it is the natural entry point for Indian companies to enter the European market.

After Brexit, Indian companies will be looking for a new European anchor to access the European market.

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