Syllabus: GS- II
Subject: International Relations
Topic: India’s relations with other nations
Issue: India-Greece
Context: State Visit of Greek Prime Minister to New Delhi
- India (Indian Ocean region) and Greece (East Mediterranean region) both are located in strategic important and geographically volatile areas.
- Recent events in red sea has linked the security, stability and prosperity of the East Mediterranean region with Indian Ocean region.
- Co-operation between India and Greece at various levels:
- Defense- joint and reciprocal exercises
- Business- Indian construction company (new airport on the island of Crete), Mid-size shipping company (Brokerage firm in Athens), a large systemic bank involved in security market.
- Investment opportunity-Greece’s most important long-term foreign investor is a Indian-Canadian billionaire
- People to people ties and ancient linkage
- Greece’s importance for India is increasing due to-
- Greece representing itself as eastern gate of NATO and EU
- The idea of constructing the India-Middle East-Europe Economic Corridor
- Greece is a supporter of strong India-EU relation and is working to ensure that the EU-India bilateral trade and investment agreement is rapidly concluded.
- Due to high level, political visit year 2024 is crucial for India-EU and India-Greece relations.
