PM Modi in Cyprus: 3 reasons why the nation matters for India, what is the Turkey angle
Prime Minister Narendra Modi landed in Cyprus on Sunday (June 15) for the first leg of his three-nation tour, which will also see him visit Canada for the G7 summit and then Croatia.
This is the first visit by an Indian Prime Minister to Cyprus in over 20 years, and is being seen by many as a strategic signal to Turkey, which has steadily deepened its ties with Pakistan.
During his visit, PM Modi will hold talks with President Nikos Christodoulides in capital Nicosia, and address business leaders at Limassol.
Why is Cyprus important to India, and what is the Turkey angle in this? We explain.
Cyprus is an island in the eastern Mediterranean Sea, located close to Turkey and Syria. It is a member of the European Union (EU) despite being geographically in Asia.
The island nation got independence from the British in 1960. Its two major communities, Greek Cypriots and Turkish Cypriots, participated in an uneasy power sharing, which flared up into violence just three years later and the United Nations Peacekeeping Force had to be called in.
In 1974, the Greek Cypriots staged a coup with the help of the Greek Junta, to merge the island with Greece. Turkey then invaded, and while the legitimate government in Nicosia was restored, Turkish forces have never fully left the island. In fact, the north-eastern part of the island has declared itself independent as the Turkish Republic of Northern Cyprus, which only Turkey recognises.
India's ties with the two countries
A Ministry of External Affairs release on India-Cyprus ties says the country 'remains one of Indiaʼs dependable friends.' 'It supports Indiaʼs candidature as a permanent member of the expanded UN Security Council. It has also extended its full support for the India-US Civil Nuclear Agreement, within the Nuclear Supplier Group (NSG) and the International Atomic Energy Agency (IAEA), which helps India address its increasing energy needs and benefit its economic development,' the MEA document says.
Turkey, on the other hand, has not just supported Pakistan in terms of international resolutions and statements on Kashmir, during the recent conflict after Operation Sindoor, many of the drones Pakistan attacked India with were found to have been of Turkish origin. This has crossed a line for India.
PM Modi, before leaving for his trip, said in a press release, 'This three-nation tour is also an opportunity to thank partner countries for their steadfast support to India in our fight against cross-border terrorism, and to galvanise global understanding on tackling terrorism in all its forms and manifestations.'
IMEC, EU factors
The Turkey angle aside, Cyprus is valuable to India in many other ways. As stated, it has proved to be a 'dependable friend'.
Secondly, its geographic location makes it a crucial part of the India-Middle East-Europe Economic Corridor (IMEC), an infrastructure project that India expects multiple benefits from. IMEC is supposed to boost trade and connectivity between India and Europe via the Middle East, and Cyprus, in the Mediterranean, has an important role to play.
Also, Cyprus is set to hold the Presidency of the Council of the EU in the first half of 2026, and as India looks to build stronger trade and security ties with Europe, Nicosia could be a crucial ally.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
37 minutes ago
- Time of India
Middle East conflict stalls 1 lakh tonnes of India's basmati rice exports to Iran
Nearly 1 lakh tonnes of basmati rice shipments bound for Iran have been stranded at Indian ports as the ongoing Israel-Iran conflict disrupts maritime logistics and insurance coverage, according to the All India Rice Exporters Association (AIREA) on Monday. Association president Satish Goyal said consignments amounting to roughly 1,00,000 tonnes, primarily stuck at the Kandla and Mundra ports in Gujarat, cannot be shipped due to a lack of vessels and insurance options for Iran-bound cargo amid escalating tensions in the region. "Iran accounts for 18–20 per cent of India's total basmati rice exports ," Goyal told PTI. With international conflicts not typically covered under standard marine insurance, exporters have been left in limbo, unable to fulfil shipments or secure payments. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Palencia : Qué compañía eléctrica tiene las facturas más baratas? Energía más barata Undo The halt in exports is already rippling into the domestic market. "Prices of basmati rice have dropped by ₹4–₹5 per kg," he said, warning that prolonged disruption could lead to serious financial strain for Indian exporters. The association is currently in discussions with the Agricultural and Processed Food Products Export Development Authority (APEDA) and is scheduled to meet Union Commerce and Industry Minister Piyush Goyal on June 30 to seek intervention and relief measures. Live Events Iran remains India's second-largest market for basmati rice after Saudi Arabia. In the financial year 2024–25, which ended in March, India exported around 1 million tonnes of basmati rice to Iran. India's total basmati exports stood at about 6 million tonnes in 2024–25, with demand largely concentrated in the Middle East and West Asia. Other key buyers include Iraq, the United Arab Emirates, and the United States. With inputs from PTI
Time of India
37 minutes ago
- Time of India
Buying gold from Dubai? Here's an essential guide of Dos and Don'ts before you purchase
Dubai, also known as the 'City of Gold' isn't just a shopper's paradise but also a global gold hub famous for its quality, variety and tax-free prices. The city is home to a mix of traditional gold souks, offering incredible opportunities for buyers to make their gold purchase more overwhelming with numerous styles, sellers and pricing structures. Whether you're looking for an investment piece, a travel keepsake, or a showstopping gift, here's everything you need to know to make your Dubai gold shopping experience smooth, secure, and truly golden. The city is home to a mix of traditional gold souks and sleek modern showrooms, drawing tourists and investors alike. But while the options are abundant, understanding how to buy gold smartly and safely is essential, especially for those unfamiliar with the process as per a Gulf News report. Buying gold from Dubai is a golden opportunity if you shop smart. Therefore, here's the complete guide of 'DOs' and 'DON'Ts' before buying the glittering purchase from Dubai. Buy gold in Dubai : Essential 'Dos' before you buy Always check the daily gold rate Gold prices in Dubai are regulated and tied directly to the international market. The rate fluctuates daily and is quoted in dirhams per gram. Checking the day's rate gives you a baseline to compare prices across stores and avoid overpaying. Most reputable stores display the live rate on digital boards inside their premises. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo This transparency helps customers see the price breakdown — separating the actual gold cost from additional charges. Understand gold karats and what they mean The term karat refers to the purity of gold: 24K (99.9% pure): The highest purity, usually bought in bars and coins. It's too soft for most wearable jewellery. 22K (91.6% pure): Commonly used for jewellery. Offers a good balance between purity and durability. 21K and 18K: More alloyed, making them stronger and better for everyday use. The karat you choose should depend on your purpose investment (24K) or jewellery (18K–22K). Higher purity means a higher price, but also less strength in structure for wearable items. Buy from reputable, licensed sellers Dubai enforces stringent regulations on gold trading. Still, it's best to stick with licensed sellers in established locations: Deira Gold Souk: Traditional, bustling marketplace with hundreds of small gold vendors. Meena Bazaar: Popular with Indian expatriates and tourists, known for ornate bridal jewellery. High-end malls: Home to global jewellery brands offering premium designs with certified purity. Reputable sellers are monitored by the Dubai government for quality, pricing, and ethical practices. Buying from such stores drastically reduces the risk of counterfeit or under-purity products. Verify the hallmark on every piece Every authentic gold item in Dubai is stamped with a hallmark which is a tiny engraving that certifies the karat and origin. This is verified by the Dubai Central Laboratory, which ensures the gold meets the advertised purity standards. You'll usually find the hallmark discreetly etched on the inner band of rings or hidden areas of necklaces. Ask the seller to point it out and explain what it means. Understand making charges and how they affect pricing Gold jewellery isn't sold at just the metal value. The making charge is a separate cost added for the artistry and labor involved in designing the piece. These charges vary depending on: Intricacy of design Brand prestige Type of setting (e.g., gemstone-studded pieces) This fee can be anywhere from 5% to 25% of the gold price. However, in Dubai, many vendors are open to negotiation — especially in the souks. Insist on certificates and receipts Proper documentation is your best defense as a buyer. Always get: Certificate of authenticity: Confirms the karat, weight, and type of gold. Detailed invoice: Lists gold price per gram, total weight, making charges, and final amount paid. These documents will help if you plan to resell, face customs inquiries, or need repairs or exchanges. Explore your payment options Dubai gold retailers are generally flexible with payment. Most accept: Credit/Debit Cards Cash Bank transfers for high-value purchases Some vendors may offer small discounts for cash purchases, as it helps them avoid card processing fees. Also, some buyers prefer cash to avoid foreign transaction fees on cards. Buying Gold from Dubai: Common mistakes to avoid Don't fall for suspiciously low prices If a seller offers a deal far below the market rate, be cautious. It could mean the item is: Gold-plated (not solid gold) Of lower karat than claimed Fake entirely Always compare the store's rate with the published daily rate to avoid being scammed. Don't expect to bargain on gold price The price of gold itself is non-negotiable, as it's fixed based on international rates. What you can negotiate is the making charge. Vendors may reduce it for bulk purchases or simpler designs. Don't skip the important questions. A trustworthy seller will always be happy to answer questions like: Where was the gold sourced? What is your return/exchange policy? Can you explain your pricing structure? If a seller gets defensive or dismissive, take that as a red flag. Don't trust only verbal guarantees A seller may assure you that something is '100% real' or 'top-quality,' but unless it's backed by documentation and hallmarks, don't buy into it. Written proof is your only legal protection. Don't ignore customs regulations in your home country Taking gold home isn't as simple as it sounds. Most countries have strict import limits. For example: As per reports, India allows only 20 grams (approx.) duty-free for male passengers, and up to 40 grams for female passengers. Anything above the limit is taxable and must be declared. Failure to do so could result in heavy fines or confiscation. Always check your country's customs website for the latest rules. 6 Quick tips when buying gold from Dubai Use reliable websites or check local news for real-time updates on the gold rate before heading out. Always ask the seller to explain which karat is best for your intended use ; they'll usually be happy to guide you. No hallmark = no purchase. Always insist on seeing it before buying. If you're making a big purchase, inform your bank ahead of time so your card isn't declined abroad. If the seller refuses to issue paperwork, walk away . If you're on a budget, ask for lighter, simpler designs with lower making charges or even flat-rate options. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
41 minutes ago
- Time of India
PM spoke to Iran President; Will he talk to US, Israel too? Asks Congress
Congress has questioned Prime Minister Narendra Modi's selective outreach after his phone conversation with Iranian President Masoud Pezeshkian amid escalating tensions in West Asia. Party MP Pramod Tiwari asked why the Prime Minister hasn't spoken to the US and Israeli leaderships, urging a balanced peace appeal and an all-party meeting. Show more Show less
