Cyprus Firms Pledge ₹10,000 Crore Investment in Indian Shipping Sector.

Two Cyprus-based companies, Interorient Navigation Co Ltd and Danship & Partners Ltd, have unveiled a groundbreaking ₹10,000 crore investment in India's burgeoning shipping sector. This significant financial commitment marks the largest Foreign Direct Investment (FDI) in the Indian shipping industry since it was opened to 100 percent FDI in 2005, according to a statement released by Interorient.

The announcement closely follows Prime Minister Narendra Modi's official visit to Cyprus on June 15, 2025. During his trip, PM Modi engaged in formal discussions with the President of Cyprus, Nikos Christodoulides, laying the groundwork for stronger economic ties between the two nations. This substantial investment underscores the growing confidence of international players in India's maritime potential and could usher in a new era of growth for the sector.