India, Cyprus should work on increasing bilateral trade: Prez

Sumir Kaul
Nicosia, Oct 31 (PTI) India and Cyprus should explore
possibilities of cooperation in fields like IT and knowledge
based industry and work on increasing bilateral trade which is
much "below potential", Indian President Pratibha Patil said
Saturday.

During one-to-one meeting here with Cyprus President
Demetris Christofias, Patil told him that there are numerous
possibilities of cooperation between the two countries in the
areas of Information Technology and knowledge based industry
which are focus areas of development of Cyprus's economy.
"IT and IT Enabled Services are areas of India's core
competence. Biotechnology, Research Development projects,
Agro-food processing, financial services, pharmaceuticals,
tourism, film industry, construction, automobiles are some of
the other areas of potential cooperation," Patil said.
Patil, who is here on a three-day official visit, is
the first Indian head of state to visit Cyprus in last 20
years.
"In our discussions, we also agreed that our bilateral
trade which stands at USD 68.7 million is much below potential
and efforts to increase it should be explored," she said.
Patil wished Christofias all success in achieving a
resolution of the Cyprus problem in accordance with your
aspirations and the resolutions of the UN Security Council.
"India considers Cyprus a time-tested and valuable
ally. We appreciate its support for India's permanent
membership of the UN Security Council," she said. More PTI SKL
ANU


The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it