India and Greece strengthen defense and shipping bonds

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India and Greece are poised to strengthen their collaboration in Defense and Shipping following the elevation of their bilateral ties to a strategic partnership. Discussions include potential defense sales from India to Greece, aligning with New Delhi’s ambitious goal to triple defense exports to $5 billion.

Additionally, both nations are exploring cooperation in shipping and naval modernization. India seeks Greek investment in its ports and extends invitations for Greece to explore commercial opportunities under the Make-in-India Programme.

This initiative follows Prime Minister Narendra Modi’s 2023 visit to Greece, emphasizing the need to broaden engagements in various sectors.

The joint statement highlighted their commitment to enhancing bilateral ties in defense, shipping, science and technology, cyber space, education, culture, tourism, and agriculture. India’s focus on Greece aligns with its broader strategy to strengthen connections with Mediterranean and central European powers, with Greece playing a pivotal role in improving trade and connectivity with Europe.

Given Greece’s significant presence in global merchant shipping, with its shipowners commanding a substantial share of the world’s fleet, India aims to attract investments for maritime trade cooperation. Greece is anticipated to contribute to the India-Middle East Economic Corridor (IMEC), facilitating Indian goods exports to European markets. Defense collaboration has been integral since the 1990s, evident in recent joint exercises and exchanges.

The upcoming visit of Greek Prime Minister Kyriakos Mitsotakis as the chief guest for the Raisina Dialogue underscores the growing ties between the two nations.

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