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17th February 2024 (9 Topics)

Modi govt did for India-Greece ties what others didn’t in 40 years

Context:

The significant developments in the bilateral relationship between India and Greece, which is evident in  Greek port of Piraeus being one of the important port in IMEC(India- Middle East Economic Corridor) and Greek Prime Minister KyriakosMitsotakis will be the chief guest at the annual Raisina Dialogue held in New Delhi.

Background

  • Historical Ties: India and Greece, both ancient civilizations, share a rich history of cultural and economic exchanges dating back to antiquity, despite limited contemporary bilateral engagement.
  • Modi Government's Initiatives: Prime Minister Narendra Modi's proactive approach has elevated the bilateral relationship to a strategic partnership, bridging historical gaps and emphasizing shared cultural heritage.
  • Strategic Partnership: Modi's visit to Greece in 2023 and subsequent groundwork laid by External Affairs Minister S Jaishankar have facilitated the upgrade to a strategic partnership, bolstering cooperation in various sectors including trade, military exercises, and connectivity projects.

Geopolitics beyond connectivity:

  • Regional Dynamics: India's support for a bicommunal, bizonal federation in Cyprus aligns with Greece's stance, strengthening bilateral ties amid regional tensions in the Eastern Mediterranean.
  • Counterbalancing Strategies: India's deepened engagement with Greece and Cyprus serves as a strategic counterbalance to Turkey's support for Pakistan, particularly concerning issues like Kashmir, while also addressing China's economic dominance in the region.
  • Economic Realignment: Greece's efforts to diversify trade away from Chinese overinvestments align with India's economic interests, presenting opportunities for enhanced economic cooperation and trade diversification.

Defence and security vectors:

  • Strengthened Defence Ties: Defence cooperation between India and Greece has intensified, with joint military exercises, training programs, and visits enhancing mutual understanding and interoperability.
  • Potential for Defence Industry Cooperation: Greece's plans for significant investments in defence procurement present opportunities for collaboration with India's vibrant defence industry, including joint production and export of defence equipment.
  • Maritime Cooperation: Greece's substantial merchant fleet offers potential for cooperation in maritime security, contributing to India's engagements in upholding freedom of navigation in the Indo-Pacific region.
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