PRESIDENT-VISIT TWO LST

The population of Indians in Cyprus, which is slightly
smaller than Tripura, has grown more than 10-fold since 1997
when only 300-400 long-term Indian residents were present.
Most of the Indians living in Cyprus are software
professionals and students.

Trade between the two countries has grown to 54.46
million Euros in 2008 from 39.78 million Euros in 2007 with
Indian exports to Cyprus to the tune of 47.13 million Euros
which comprise metals, machinery, pharmaceuticals among
others.
Cyprus government has decided to develop hi-tech and
knowledge-based industries as the third pillar of its economy
which can give Indian companies a potential strong market. PTI
SKL
ANU


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