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20th February 2024 (9 Topics)

Greece’s gateway to Asia, India’s gateway to Europe

Context

The state visit by Greek Prime Minister Kyriakos Mitsotakis to New Delhi is seen as an another important step in building a strategic relationship between India and Greece.

  • State Visit by Greek Prime Minister to India
  • Strategic Relationship Building: The state visit by Greek Prime Minister Kyriakos Mitsotakis to New Delhi signifies a significant step in strengthening the strategic relationship between India and Greece.
  • Potential: This momentum follows Prime Minister Narendra Modi's historic visit to Greece in August 2023, sparking excitement among Greek political and business leaders about the strategic partnership potential with India.
  • Deepening ties: Mr. Mitsotakis emphasizes the importance of deepening bilateral ties, positioning Greece as a gateway to Europe for India and emphasizing the reciprocal benefits of a close strategic relationship.

Importance of Security and Stability

  • Geopolitical Significance: Both Greece and India occupy geopolitically volatile yet strategically vital regions, emphasizing the interdependence of security, stability, and prosperity in the East Mediterranean and Indian Ocean regions.
  • Required collaboration: Recent events underscore the urgent need for both countries to collaborate strategically, recognizing the compelling reasons and urgency for building stronger ties.
  • Cooperation: The visit underscores the imperative for enhanced security cooperation and stability to ensure prosperity in both regions.

Enhancing Bilateral Cooperation

  • Diverse Cooperation Channels: Bilateral cooperation spans strategic, military, and business realms, albeit progressing at a measured pace over the years.
  • Collaboration: Notable collaborations include joint military exercises, investment ventures in construction, shipping, and banking sectors, highlighting growing economic ties.
  • Further opportunities for partnership: As economic reforms in Greece pave the way for sustainable growth and positioning within the EU and NATO, initiatives like the India-Middle East-Europe Economic Corridor gain traction, presenting further opportunities for partnership.
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