Greece

Commerce between India and Greece is expected to increase with investments in infrastructure projects and technology ventures

Indian companies are setting up enterprises and generating employment opportunities

An MoU in Air Services has been signed between India and Greece to establish direct air links between the two countries

India and Greece to promote multilateralism, global peace, and security

The 8th Session of the Greece-India Joint Economic Committee was held in Athens on April 15, 2022

US$ 9.05mn
FDI inflows into India from April 2000 to March 2021

US$ 1,377.39mn

bilateral trade value for 2021-2022

13000-14000
Overseas Indians living in Greece

Schengen member

Greece is a member of the Schengen area, offering low cost access to a European Golden-Visa

Tourism

16,000 kilometers of coastline, more than 6,000 islands and islets, and a well-established tourism industry

Energy

Ample availability of renewable energy potential (wind, hydro, biomass, geothermal, solar & solar thermal) plus ongoing infrastructure projects

ICT

Information & Communications Technology investment from industry leaders such as Nokia-Siemens, Oracle and others

Agriculture

Food and food processing have been traditional strengths of the region with multi-national players operating in the area

Labour

Opportunities in farm, factory or construction workers or small entrepreneurs

India-Greece Bilateral Relations

A summary of bilateral engagements between India and Greece.

Expansion of the scope of Bilateral Relations

President Kovind called for the strengthening of existing synergies in the political and economic domains. The President also highlighted In particular that the exchange of know-how could be facilitated in the fields of Shipping, Food and Dairy, and Tourism.

President of India invites Greek efforts in counter-terrorism initiatives

President Kovind encouraged international collaboration in counter-terrorist activities while expressing interest in maintaining an India-EU Broad-based Trade and Investment Agreement (BTIA)

Documents signed during the Indo-EU Leaders' Meeting (May 2021)

The documents signed during the Indo-EU Leaders' Meeting include the India-EU Leaders’ Meeting Joint Statement, India-EU Connectivity Partnership, and the document recognizing the second round of financing for the Pune Metro Rail Project.

India's Exports and Imports to Greece

Source: Department of Commerce

Dated: 25/01/2023
Values in US $ Millions

Country / Region: GREECE

S.No.	\Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022
1.	EXPORT	433.87	503.37	445.59	546.31	1,077.45
2.	%Growth		16.02	-11.48	22.60	97.22
3.	India’s Total Export	303,526.16	330,078.09	313,361.04	291,808.48	422,004.40
4.	%Growth		8.75	-5.06	-6.88	44.62
5.	%Share	0.14	0.15	0.14	0.19	0.26
6.	IMPORT	96.11	144.02	123.71	143.02	299.94
7.	%Growth		49.86	-14.10	15.61	109.73
8.	India’s Total Import	465,580.99	514,078.42	474,709.28	394,435.88	613,052.05
9.	%Growth		10.42	-7.66	-16.91	55.43
10.	%Share	0.02	0.03	0.03	0.04	0.05
11.	TOTAL TRADE	529.98	647.39	569.30	689.32	1,377.39
12.	%Growth		22.15	-12.06	21.08	99.82
13.	India’s Total Trade	769,107.15	844,156.51	788,070.32	686,244.36	1,035,056.45
14.	%Growth		9.76	-6.64	-12.92	50.83
15.	%Share	0.07	0.08	0.07	0.10	0.13
16.	TRADE BALANCE	337.77	359.35	321.88	403.29	777.50
17.	India’s Trade Balance	-162,054.83	-184,000.33	-161,348.24	-102,627.40	-191,047.65

Enterprise Greece Invest and Trade

+30-210-335-5700

Visit Website

FICE Enterprise Greece S.A. The official Investment and Trade Promotion Agency of Greece 109 Vasilissis Sophias Avenue, 115 21 Athens, Greece

Embassy of India

00 30 210 7216227 & 30 210 7216481

Visit Website

No. 3, Kleanthous Street
10674
Athens [GREECE]

Commercial Representative

+30-210-721-6227/ 6481

Visit Website

Opportunities

Agricultural exports

Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
Whiskies (220830)

agriexchange.apeda.gov.in

Carcasses/half-carcasses of bovine animals, fresh/chilled (020110)
Carcasses/half-carcasses of swine, fresh/chilled (020311)
Meat of bovine animals, fresh/chilled (excl. of 0201.10), bone-in (020120)
Meat of bovine animals, fresh/chilled, boneless (020130)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)

agriexchange.apeda.gov.in

Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)

agriexchange.apeda.gov.in

Maize (corn), other than seed (100590)
OTHER WHEAT AND MESLIN (100199)

agriexchange.apeda.gov.in

Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)

agriexchange.apeda.gov.in

Cheese (excl. of 0406.10-0406.40) (040690)
Fresh (unripened/uncured) cheese, incl. whey cheese, & curd (040610)
Milk & cream, concentrated (excl. in powder), unsweetened (040291)
Milk & cream, not concentrated/sweetened, fat content by wt. >1% but not >6 … (040120)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)
Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)

agriexchange.apeda.gov.in

Food preps., n.e.s. (210690)
Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)

agriexchange.apeda.gov.in

BANANAS FRSH OR DRIED (080390)
Potatoes other than seed potatoes, fresh/chilled (070190)
Potatoes, prepd./presvd. othw. than by vinegar/acetic acid, frozen, other t … (200410)

agriexchange.apeda.gov.in

Crustacean – Frozen, shrimps and prawns, excluding cold water varieties, in shell or not, smoked, cooked or notbefor or during smoking, in shell, cooked by steaming or boiling in water
Fish – Fresh or chilled, atlantic salmon (Salmon Salar) and danube salmon (Huncho Huncho) Excluding fillet, livers, roes and other fish meat
Fish preparation – tunas, skipjack and atlantic bonito (sarda spp.) prepared or preserved, whole or in pieces (but not minced)
Molluses – Cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine or smoked, cooked or not before or during the smoking process
Molluses – Octopus (Octopus spp.) frozen, dried, salted, in brine or smoked, cooked or not before or during the smoking process

fishexchange.mpeda.gov.in

Minerals

Aluminium – Export: €1,614,661,442 (2018)

Aluminium Ore and Alumina – Export: €149,547,825 (2018)

statistics.gr

Production: 1,927,150 tons

mc.org.pl

Production: 1,087,800 tons

wmc.org.pl

Production: Lignite-37,802,600 tons

wmc.org.pl

Export: €607,329,210 Euros (2018)

statistics.gr

Export: € 25,235,407 (2018)

statistics.gr

Production: 547,140 tons

wmc.org.pl

Export: € 662,990 (2018-cast iron, sponge iron, alloys 2018)

statistics.gr

Export: € 36,473,012 (2018)

statistics.gr

Production: Magnesite – 442,680 tons

wmc.org.pl

Export: € 132,225 (2018)

statistics.gr

Production: 932,950 tons

wmc.org.pl

Export: € 51,871,202 (Petroleum and asphalt mineral oils, raw 2018)

statistics.gr

Silver & Platinum
Export: € 1,123,285 (2018)

statistics.gr

Export: € 35,798,055 (2018)

statistics.gr

Export: Stannum – € 269,689 (2018)

statistics.gr

Export: €1,446,206 (2018)

statistics.gr

Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Construction

IT and BPM

Leather

Ports and Shipping

Retail & E-commerce

Roads and Highways

Textiles and Garments

Tourism

Wellness

Top Import/ Export Items

India's top import from Greece

Aluminium foil
Cotton
Iron and steel
Mineral fuels, mineral sulphur,
Lime & cement
Machinery and mechanical appliances
Edible fruit and nuts
Building stones – mainly marble and travertine
Ships, boats and floating structures

India's top export to Greece

Aluminium
Organic chemicals
Fish and crustaceans
Iron and steel
Plastic
Coffee, tea, spices
Nuclear reactors, boilers
Machinery and mechanical appliances
Medical or surgical instruments
Automobiles and automobile components
Carpets and other floor coverings
Leather goods
Paint
Paper and paperboard

Bilateral Investors

Infosys

TCS

Tata Steel

Oracle Financial Services

Jain Irrigation Systems

Pisani Group

Frigoglass

M.J. Maillis & Co