India And Malta Agreement

The Maltese government encourages Indian companies to set up in Malta. To attract Indian companies, Malta has offered various incentives to Indian companies. [19] Malta has also signed a bilateral trade agreement with the Indian government to avoid double taxation. [20] The Indian pharmaceutical company Aurobindo Pharma Ltd has invested 16 million euros and built a production site in Hal Far, Malta, which provides employment to hundreds of Maltese companies and trains pharmacy students at the University of Malta. Indian pharmaceutical company Aurobindo is increasing its investments and expanding its facilities in Malta. (d) if it is a national of either state or one or the other, the competent authorities of the contracting states try to clarify the issue by mutual agreement. Under a UN trade agreement, the two nations meet at least once a year to discuss economic, industrial, scientific and technological trade, as well as other related relations issues. [12] [13] Under the UN treaty, the two nations have decided to establish stronger cultural ties. [14] The two nations agreed to honour each other`s cultural heritage and promote cultural ties in each other`s countries. [14] With the rapid growth of the Indian economy, the third largest purchasing power parity of GDP, the Maltese government is encouraging Indians to form in Malta.

Several Maltese trade missions, often led by ministers, visitEd India. Since 2007, Malta has been present in New Delhi with a high Maltese commission and a Maltese consulate in Mumbai, Chennai and Calcutta in India. For trade and investment assistance in India, Malta companies have an office in India. Malta`s efforts are rewarded with the construction of a 16 million euro factory of the Indian pharmaceutical giant „Aurobindo Pharma” in Hal Far, which employs hundreds of Maltese and trains pharmacy students at the University of Malta. Aurobindo Pharma of India is expanding its investments and holdings in Malta. In November 2017, enemalta plc and India Streamcast Technologies Inc., part of the Indian Streamcast Group, signed an agreement to develop a 75 million euro global data center in Marsa, Malta. The objective of the pilot project is to develop a high-end computing centre. To attract Indian companies, Malta has offered various incentives to Indian companies. Malta has also signed a bilateral trade agreement with the Indian government to avoid double taxation.