Prime Minister to address High-Level Segment of ECOSOC on 17 July, 2020

Published By : Admin | July 16, 2020 | 11:36 IST

Prime Minister Narendra Modi will deliver a keynote address virtually at this year’s High-Level Segment of the United Nations Economic and Social Council session on Friday, 17th July 2020 from 0930-1130 hrs (local time) at the United Nations in New York. Prime Minister will be speaking at the valedictory session along with the Prime Minister of Norway and UN Secretary General Antonio Guterres.

The annual High-level Segment convenes a diverse group of high-level representatives from the Government, the private sector, civil society and academia. The theme of this year’s High-level Segment is "Multilateralism after COVID19: What kind of UN do we need at the 75th anniversary”.

Set against the changing international environment and the COVID-19 pandemic, this session will focus on critical forces shaping the course of multilateralism and explore ways to bolster the global agenda through strong leadership, effective international institutions, a broadening of participation and enhanced significance of global public goods.

This will be first opportunity for PM to address the broader UN membership since India’s overwhelming election as a non-permanent member of the Security Council on 17th June, for the term 2021-22. The theme of the High-Level Segment of the ECOSOC, on the 75th Anniversary of the founding of the UN, also resonates with India’s Security Council priority, wherein we have called for ‘reformed multilateralism’ in a post-COVID-19 world. It also recalls India’s role, as the holder of the inaugural Presidency of ECOSOC (Sir Ramaswami Mudaliar, in 1946). PM had earlier delivered the keynote address virtually at the 70th anniversary of ECOSOC in January 2016.

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Prime Minister and President of Cyprus interact with business leaders from Cyprus and India
June 15, 2025

Prime Minister Shri Narendra Modi along with the President of Cyprus, H.E. Nikos Christodoulides today held a Roundtable interaction with business leaders from Cyprus and India in Limassol. The participants represented diverse sectors such as banking, financial institutions, manufacturing, defence, logistics, maritime, shipping, technology, innovation, digital technologies, AI, IT services, tourism and mobility.

Highlighting India's rapid economic transformation in the last 11 years, Prime Minister noted that India, propelled by next-generation reforms, policy predictability, stable polity and Ease of Doing Business, has become the fastest growing major economy in the world. Emphasizing on the primacy being given to innovation, digital revolution, start-up and futuristic infrastructure development, he expressed confidence that India, the fifth largest economy in the world, was well positioned to become the third largest in a few years’ time. He noted that steady growth in India’s civil aviation, port, shipbuilding, digital payments and green development sectors have opened myriad opportunities for companies from Cyprus to partner with India. He further underlined the strengths of India’s skilled talent and start-up ecosystem and highlighted manufacturing, AI, Quantum, Semiconductor and Critical Minerals as new and emerging areas contributing to India’s growth story.

Prime Minister noted that Cyprus was a significant economic partner for India, particularly in the Foreign Direct Investment sector and welcomed the keen interest in Cyprus for new investments into the Indian economy. Highlighting the potential for business engagement in the financial services sector, the two leaders welcomed the signing of an MOU between NSE International Exchange GIFT CITY, Gujarat and Cyprus Stock Exchange. NIPL (NPCI International Payments Limited) and the Eurobank Cyprus reached an understanding on introducing UPI for cross border payments between the two countries which would benefit tourists and businesses. Prime Minister also welcomed the launch of the India–Greece–Cyprus (IGC) Business and Investment Council, which will foster trilateral cooperation in sectors such as shipping, logistics, renewable energy, civil aviation and digital services. Prime Minister welcomed the fact that many Indian companies see Cyprus as a gateway to Europe and hub for IT services, financial management, and tourism.

As Cyprus prepares to assume the Presidency of the EU Council next year, the two leaders reaffirmed their commitment to further strengthen India-EU Strategic Partnership. They expressed optimism about concluding the India-EU Free Trade Agreement by end of the year which would also give a major boost to trade and economic cooperation between the two countries. Prime Minister underlined that the business roundtable had given practical suggestions which would form the basis for a structured economic roadmap, ensuring long-term collaboration in trade, innovation and strategic sectors.

With shared aspirations and a future-focused approach, India and Cyprus are poised for a new era of dynamic and mutually beneficial economic cooperation.