Quote“Country is moving in the direction of Citizen-Centric Governance”
Quote“Dr Shyama Prasad Mukherjee’s policies, decisions, resolve, and their fulfilment were very important in giving direction to independent India”
Quote“Ensuring ease of access for government and its facilities is a major priority”
Quote“Taxpayer is respected only when projects and schemes are completed in stipulated time”
Quote“Transformative progress have taken place in the country from the time of foundation stone laying to inauguration of Vanijya Bhawan”
Quote“Exports play a key role in the transition of a country from developing to developed status”

My cabinet colleagues Shri Piyush Goyal ji, Shri Som Parkash ji and Smt Anupriya Patel ji, all colleagues from industry and exports, other dignitaries, ladies and gentlemen!

Today another important step has been taken in the journey of Citizen Centric Governance in New India on which the country has been moving for the last eight years. The country has got new gifts in the form of a new and modern Vanijya Bhawan as well as an export portal. One of these symbolizes physical infrastructure whereas the other is a symbol of digital infrastructure representing a positive change in our governance related to trade and commerce and our aspirations for a self-reliant India. I congratulate all of you, the entire community associated with trade and commerce, and especially our MSMEs, on this occasion. Today is the death anniversary of the country's first Industries Minister Dr. Syama Prasad Mookerjee. His policies, decisions, resolve and accomplishment of his resolutions have been very important in giving direction to independent India. Today the country is paying its humble tributes to him.

Friends,

I am sure that you are entering the new Vanijya Bhawan with new inspiration and determination. This resolution is for Ease of Doing Business and Ease of Living through Ease of Doing Business. And the link between these two is Ease of Access. No one should be inconvenienced while communicating with the government and accessing government facilities, such Ease of Access is the priority of the country. The most important aspect of the governance model of the last eight years has been that the citizens of the country should have access to basic facilities, banking and government policy making. This vision reflects India’s policies and decisions for its economic development. The basic spirit behind this Ease of Access is emergence of crores of entrepreneurs under the Mudra Yojana, encouragement to lakhs of MSMEs through policy and bank credit, facility of bank credit to lakhs of street vendors in villages and small towns and continuous efforts for the growth of thousands of start-ups. The all-round development is possible only when the benefits of the government's schemes reach everyone and without discrimination. I am happy that this spirit of Ease of Access and development for all is reflected in this new Vanijya Bhawan.

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Friends,

The term SOP i.e, Standard Operating Procedure is very popular among all of you, that is, a certain way of doing things. Earlier, the SOP of the governments meant the launch of a project, but no guarantee of its completion. Announcements were made for political interests, but there was no seriousness regarding their timely completion. This building is another example of how we have changed this perception. And as has been mentioned now, it is a coincidence that I laid the foundation stone of this building on 22nd June, 2018 and today it is being inaugurated on 23rd June 2022. In the meantime, there were many hurdles too due to Corona. But in spite of all this, the resolution is in front of us today in the form of accomplishment. This is the new SOP of New India that is sincere efforts on the timeline of any project’s inauguration begin the day its foundation stone is laid. You will find many such examples in Delhi itself in the past few years. Just a few days ago, I was privileged to inaugurate the Integrated Transit Corridor near Pragati Maidan. The government's projects do not hang for years, are completed on time and the government's schemes reach their goals, then only the taxpayer of the country is respected. And now we also have a modern platform in the form of the PM GatiShakti National Master Plan. Keeping in mind the aspirations of New India, this new Vanijya Bhawan also has to give impetus to the country in every field.

Friends,

From the launch to the inauguration, the Vanijya Bhawan is also a symbol of our achievements in the field of commerce during this period. I remember I stressed on the need for innovation and improvement in the Global Innovation Index during the foundation stone function. Today we are ranked 46th in the Global Innovation Index and are continuously improving. We discussed the need to improve the ease of doing business on the day of the foundation stone. Today, when this building is being inaugurated, more than 32,000 unnecessary compliances have been done away with since then. Can you imagine 32,000 compliances? Only a few months had passed since the GST was implemented at the time of foundation stone and there were all kinds of doubts and apprehensions. Today, the GST collection of Rs 1 lakh crore every month has become normal. During the foundation stone of Vanijya Bhawan, we had discussed the order of about 9,000 crore rupees on the GeM portal. Today, 45 lakh small entrepreneurs are registered on this portal and orders worth more than Rs. 2.25 lakh crore have been placed on the GeM.

Friends,

At that time, I had mentioned the increase in the number of mobile manufacturing units from 2 to 120 after 2014. Today this number is more than 200 and we have emerged as a force from importers to the world's largest mobile phone exporters. Four years ago, there were less than 500 registered fintech start-ups in India. Today their number has crossed almost 2300. We used to recognize 8,000 start-ups every year then, today this number is going up to 15,000. Despite the global pandemic, we have achieved so much by setting goals and realizing them with sincere efforts.

Friends,

Our export eco-system is the best example of our approach of accomplishment with determination in the new India today. During the foundation stone laying ceremony, we had resolved to make India a preferred manufacturing destination to increase global exports. Last year, despite the historic global disruptions that destroyed the entire supply chain, India’s exports amounted to $ 670 billion, i.e. 50 lakh crore rupees. You also know how unprecedented this figure is. Last year, the country had decided to achieve the milestone of $ 400 billion i.e. 30 lakh crore rupees of merchandise export despite every challenge. We crossed this and made a record export of $ 418 billion i.e. 31 lakh crore rupees.

Friends,

Encouraged by this success of the past few years, we have now increased our export targets and have doubled our efforts to achieve them. Collective effort of everyone is very necessary to achieve these new goals. Members of industry and export promotion councils are also present here. I also urge you to set not only short-term but long- term targets of export at your level also. It is also very important to work together as to how to reach those targets and how the government can help in this regard.

Friends,

The National Import-Export for Yearly Analysis of Trade i.e. NIRYAT platform is a step in this direction. Everyone, including exporters, different departments of the government, state governments and all stakeholders, will have access to real time data. This will help in breaking down many silos helping our industry and exporters to take necessary decisions. Important information related to more than 30 commodity groups exported to more than 200 countries of the world will be available to you on this portal. Soon, information related to district wise exports will also be available on this portal. And the ‘One district-One product’ which is on mission mode will eventually be added here as well. This will also strengthen the efforts to make the districts important centers of exports. I am sure this portal will also help in promoting healthy competition in the states in the field of exports. We want a healthy competition among the states -- which state exports how much, how many destinations it covers and how many different goods it exports.

Friends,

If we study the development journey of different countries, it is common to find that the progress of those countries happened only when their exports increased. That is, export plays a big role in becoming a developed country from a developing country. Due to this employment and self-employment opportunities also increase. In the last eight years, India has also been continuously increasing its exports and achieving export goals. Better policies to increase exports, easing of the process and taking products to new markets have helped a lot in this regard. And now we are focusing equally on logistics support so that our exports become cost effective. You also know how the PLI scheme is helping to increase manufacturing. The policy changes based on the feedback from our export partners have also helped a lot. Today, every ministry, every department, of the government is giving priority to increasing exports with a 'whole of government' approach. Be it the Ministry of MSME or Ministry of External Affairs, Agriculture or Commerce, all are making common efforts for a common goal. A large number of engineering goods account for our exports and the MSME sector, in particular, has played an important role in this regard. Exports are also increasing from newer areas of the country and exports have now increased manifold even from so many aspirational districts. The increase in exports of cotton and handloom products by 55 per cent shows how the work is being done at the grassroots level. The government's emphasis on local products through the ‘Vocal for Local’ and 'One-district, One-product' campaigns has also helped in increasing exports. Now many of our products are being exported for the first time to new countries and new destinations of the world. Now our local products are moving at a fast pace towards becoming truly global. The first consignment of Sitabhog sweets and Narkel Naru i.e. coconut and jaggery laddu has been exported to Bahrain. Fresh King Chilli from Nagaland is going to the markets of London, while Fresh Burmese Grapes from Assam are exported to Dubai. Mahua flowers, the forest produce of our tribal brothers and sisters of Chhattisgarh, have been exported to France and Kargil's Khumani to Dubai. Handloom products have been introduced to new markets such as Aruba, Belize, Bermuda, Grenada and Switzerland. We are also helping and emphasizing GI tagging to connect our farmers, weavers and traditional products with the export ecosystem. Last year, we finalized trade deals with the UAE and Australia and there has been a lot of progress with other countries as well. I would also like to praise our diplomatic missions abroad. All our missions deserve to be congratulated for working to convert a very challenging environment into opportunities for India.

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Friends,

Identifying new markets for business and identifying their needs and manufacturing those products are very important for the progress of the country. In the past our traders have shown how mutual partnership and trust based business can flourish. We have to strengthen this learning of value and supply chain in the ‘Amrit Kaal’ of independence. On the basis of similar values, we have completed trade deals with the UAE and Australia. We are moving rapidly towards such deals with many countries and regions as well.

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Friends,

The achievements of the country in the last eight years fill every Indian with pride. With this spirit we have to work for the resolutions for the next 25 years during this ‘Amrit Kaal’ of independence. Today a new building has been built and a new portal has also been launched. But our responsibility is not over. In a way, it is the beginning of new achievements at a rapid pace with new resolutions and energy. I would also urge every department to assess the performance of the portals and the platforms that we have created from time to time. Efforts should be made to ensure the goals for which we have developed these tools and if there is a problem then it should be solved. I urge the industry colleagues and exporters also to put across their points openly in front of the government and come up with innovative suggestions and solutions. We want to find a solution together. You visit the NIRYAT portal and suggest what needs to be added or removed. What provisions can be made to increase exports at the district level? We have to bring healthy competition in the field of exports at the district level. We also have to bring this competition of ‘Zero defect, Zero effect’ on the world class packaging among our manufacturers. We can realize our colossal resolutions with everyone's inputs, everyone's suggestions, that is, with ‘Sabka Prayas’ (everyone's effort). Once again, congratulations to all of you for the new building and I am very grateful to the department for inviting me to participate in this auspicious project. Thanks a lot! Best wishes.

 

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Joint declaration on the implementation of the comprehensive partnership between the Republic of Cyprus and the Republic of India
June 16, 2025

A Historic Visit and Enduring Partnership

The President of the Republic of Cyprus, Mr. Nikos Christodoulides, warmly welcomed the Prime Minister of the Republic of India, Shri Narendra Modi, for an official visit to Cyprus from 15 to 16 June 2025. Prime Minister Modi’s visit, the first by an Indian Prime Minister to Cyprus in over two decades, marks a historic milestone and reaffirms the deep and enduring friendship between the two nations. The visit celebrates not only a shared history, but a forward-looking partnership, rooted in a joint strategic vision and mutual trust and respect.

The two leaders held wide-ranging discussions on bilateral, regional, and global issues, underscoring the growing breadth and depth of cooperation between Cyprus and India. They welcomed recent progress in economic, technological, and people-to-people ties, reflective of the dynamic and evolving nature of the relationship.

Acknowledging the increasing alignment of their values, interests, international outlook and vision, both sides expressed their determination to further advance this partnership across key sectors.Cyprus and India committed to deepening their cooperation as trusted and indispensable partners contributing to regional and global peace, prosperity, and stability.

They agreed on the following joint declaration:

Shared Values and Global Commitments

The two leaders underscored their shared commitment to peace, democracy, the rule of law, effective multilateralism, and sustainable development. They reaffirmed their support for a rules-based international order, grounded in the UN Charter and international law, placing particular emphasis on the United Nations Convention on the Law of the Sea (UNCLOS), with regard to freedom of navigation and sovereign maritime rights.

The leaders reaffirmed their unwavering support for the sovereignty and territorial integrity of all nations. They held detailed discussions on international issues, including the situation in the Middle East and the war in Ukraine. The two leaders also discussed the importance of upholding the global non-proliferation architecture, recognizing the value of India joining the Nuclear Suppliers group.

The leaders expressed their intention to strengthen coordination within international organizations, including within the United Nations and the Commonwealth, and agreed to work closely on implementing the 2024 Apia Commonwealth Ocean Declaration, highlighting ocean governance as a pillar of global sustainability and resilience. In this context, the inaugural Commonwealth Ocean Ministers Meeting was held in April 2024 in Cyprus, also marked the establishment of the Blue Charter Centre of Excellence to advance sustainable ocean governance and strengthen capacity across Commonwealth member states.

Both Leaders discussed the need for reform of the United Nations Security Council, including ways to make it more effective, efficient, and representative of the contemporary geopolitical challenges. The two Leaders expressed support to forward movement in the Intergovernmental Negotiations on United Nations Security Council reform, and reiterated their commitment to make continuous efforts to move towards text-based negotiations. Cyprus reiterated its support for the enhancement of the representative character of the United Nations Security Council expansion with India as a permanent member in an expanded United Nations Security Council.

Both sides agreed to engage in close co-operation and support each other at the United Nations including supporting each other’s candidacies to multilateral forums.

Political Dialogue

The two sides agreed to hold regular political dialogue and to utilize existing bilateral mechanisms, inter alia those between the Ministry of Foreign Affairs of the Republic of Cyprus and the Ministry of External Affairs of the Republic of India, to streamline coordination and advance cooperation across various sectors. The above competent Ministries shall overview and monitor the implementation of the areas of cooperation included in the Action Plan that is to be prepared, in close coordination with the competent authorities of both countries.

Support for Sovereignty and Peace

Cyprus and India expressed their strong commitment to the resumption of UN-facilitated efforts to achieve a comprehensive and lasting settlement of the Cyprus Question on the basis of a bizonal, bicommunal federation with political equality, in accordance with the agreed UN framework and the relevant United Nations Security Council Resolutions.

India reiterated its unwavering and consistent support for the independence, sovereignty, territorial integrity, and unity of the Republic of Cyprus. In this regard, both sides emphasized the need to avoid unilateral actions as essential for creating a conducive environment for the resumption of meaningful negotiations.

Security, Defence, and Crisis Cooperation

Cyprus and India unequivocally condemned terrorism and violent extremism in all its forms and manifestations, including international and cross-border terrorism, and reaffirmed their shared commitment to countering hybrid threats that undermine peace and stability.

Cyprus expressed solidarity and unwavering support to India in its fight against cross-border terrorism. The two leaders strongly condemned the gruesome killing of civilians in the recent heinous terrorist attacks in Pahalgam, Jammu & Kashmir, India. They reiterated their zero-tolerance approach to terrorism, rejecting any justification for such acts, under any circumstances. They emphasized that those responsible for the attacks should be held accountable.

The leaders urged all States to respect the sovereignty of other nations and condemned cross-border terrorism in all its forms. They called for the disruption of terrorism financing networks, elimination of safe havens, dismantling of terrorist infrastructure, and bringing perpetrators of terrorism to justice swiftly. Emphasizing the need for a comprehensive, coordinated, and sustained approach to combatting terrorism across borders, they underscored the importance of working collaboratively, bilaterally and with the multilateral system.

Both leaders reaffirmed their commitment to strengthening multilateral efforts to combat terrorism and called for the expeditious finalization and adoption of the Comprehensive Convention on International Terrorism within the UN framework. They urged for concerted actions against all UN- and EU-designated terrorists and terrorist entities, associated proxy groups, facilitators, and sponsors, including terrorists under 1267 UNSC Sanctions Committee. They reiterated their strong commitment to continue taking active measures to disrupt terrorist financing channels including through the UN and Financial Action Task Force (FATF).

Acknowledging emerging challenges within the international security environment, the leaders stressed the importance of enhancing strategic autonomy, defence readiness, and defence capabilities.

They agreed to deepen their defence and security cooperation, including through collaboration between their respective defence industries, with a special focus on cybersecurity and emerging technologies.

Recognizing both India and Cyprus as maritime nations with deep-rooted naval traditions, the leaders also discussed expanding cooperation to include the maritime domain. They will encourage more regular port calls by Indian naval vessels and explore opportunities for joint maritime training and exercises to enhance maritime domain awareness and regional security.

In that vein, and in light of ongoing global crises, both sides committed to strengthening cooperation in emergency preparedness and coordinated crisis response. Drawing on past successful efforts, the leaders agreed to institutionalize coordination in evacuation and Search and Rescue (SAR) operations.

Connectivity and Regional Cooperation

Cyprus and India share a strategic vision of serving as bridges between regions. Both leaders underscored the significance of the India–Middle East–Europe Economic Corridor (IMEC) as a transformative, multi-nodal initiative that fosters peace, economic integration, and sustainable development. Viewing IMEC as a catalyst for constructive regional cooperation, they reiterated their shared commitment to promoting stability in the Eastern Mediterranean and the wider Middle East and emphasized the importance of fostering deeper engagement and corridors of interconnection from the Indian peninsula through the wider Middle East to Europe.

While recognizing Cyprus’ role as a gateway into Europe and, in this context, its prospect to serve as a regional hub for transshipment, storage, distribution, and logistics, they welcomed the prospect of Indian shipping companies establishing a presence in Cyprus, encouraging the advancement of maritime cooperation through joint ventures involving Cyprus-based and Indian maritime service providers as a means of further strengthening economic and logistical ties.

EU–India Strategic Engagement

Looking ahead to Cyprus’ Presidency of the Council of the European Union in early 2026, both leaders reaffirmed their commitment to strengthening EU–India relations. They recalled the milestone visit of the College of Commissioners to India, and expressed satisfaction on the launch of the first India-EU Strategic Dialogue and the progress already made in the priority areas identified during the visit including in trade, defence and security, maritime, connectivity, clean and green energy, and space.

Cyprus pledged to work towards the advancement of the EU-India strategic partnership during the Presidency. Both sides expressed readiness to support the conclusion of the EU–India Free Trade Agreement by the end of this year recognizing its significant economic and strategic potential. They also expressed their support for the ongoing work through the EU–India Trade and Technology Council and committed to sustaining a forward-looking agenda beyond the 2025 Strategic Roadmap to deepen this key global partnership.

Trade, Innovation, Technology and Economic Opportunity

Recognizing the growing strategic complementarity between Cyprus and India, the leaders committed to expanding economic ties through increased trade, investment, and collaboration in science, innovation, and research.

To advance cooperation, the two leaders noted they would welcome a Cypriot high-level delegation visiting India, including business representatives, as well as the organisation of a Cyprus–India Business Forum to promote investment opportunities. The two leaders also addressed the Cyprus–India Business Round Table on Advancing a Strategic Economic Partnership.

Both leaders agreed to promote collaboration in research, innovation, and technology, fostering stronger ties between startups, academic institutions, and industry, and supporting innovation exchanges in key sectors like artificial intelligence, digital infrastructure, and research, with a view of concluding a related MoU.

Mobility, Tourism, and People-to-people Ties

The two leaders recognized people-to-people ties as a strategic asset and multiplier for deepening economic and cultural ties. The two sides will work to finalise a Mobility Pilot Program Arrangement by the end of 2025.

Both sides emphasized the value of fostering mutual understanding through cultural and people-to-people ties. They agreed to explore opportunities for enhancing tourism and the establishment of direct air connectivity between Cyprus and India, as well as enhanced air routes via shared partners, to improve ease of travel and boost bilateral exchanges.

The Future: 2025-2029 Action Plan

This Joint Declaration reaffirms the strategic bond between Cyprus and India. Both leaders noted with satisfaction the progress in ongoing bilateral cooperation and expressed confidence that the partnership will continue to flourish, promoting peace, stability, and prosperity across their regions and beyond.

The leaders agreed that an Action Plan is to be prepared in order to guide bilateral relations between Cyprus and India for the next five years, under the supervision of the Ministry of Foreign Affairs of the Republic of Cyprus and the Ministry of External Affairs of the Republic of India.