“In Malta, we currently have 112 companies or private investments from India, but it is necessary that in the trade sector we continue to develop the relationship we have with India, and above all, we also see to increasing our exports to India.” This was stated by Minister for Foreign and European Affairs and Trade Ian Borg during a press statement and a bilateral meeting held with the Minister of State for External Affairs and Culture of India Meenakshi Lekhi.
During the bilateral meeting that took place at the Ministry for Foreign and European Affairs and Trade in Valletta, Minister Ian Borg said that after more than 57 years of bilateral relations there is even more potential whereby these relations can be amplified and reinforced. Ian Borg said that despite the difference in the size of the two countries, both have vibrant economies that should be exploited in the best possible ways for the benefit of the Maltese and Indian people.
Regarding the trade sector, Minister Borg stated that he believes that, particularly in the sectors of information and technological communication, pharmaceuticals, and even the film industry, there are many opportunities where joint strategic collaborations can be made. Next month, a ministerial delegation will be visiting India in order to build on what was discussed regarding pharmaceuticals and potentially attract new investments.
The Maltese foreign affairs minister stated that Malta, also a country of the European Union, welcomes the improvement in relations between the EU and India even in light of the ongoing global challenges. The minister reiterated that Malta fully supports the strategic partnership between the EU and India for trade and free market, the digital economy, the circular economy, and above all the changes in climate and ocean governance.
Minister Borg thanked Minister Meenakshi Lekhi for the support that India continuously offers Malta on a multilateral level, including in connection with the seat that our country will be occupying on the United Nations Security Council.
From her end, Minister Meenakshi Lekhi said that she is honoured by the warm welcome she received and also stressed the need to continue to strengthen commercial ties between the two countries. The Minister for External Affairs and Culture explained that the Indian Government intends to continue signing and cooperating on a number of Principle Agreements that will improve the lives of both peoples. She reiterated that she believes that Maltese businesses have a strong potential to invest in India. Minister Lekhi also made an official invitation to Minister Borg to visit India together with a commercial delegation.
Source: Office of the Prime Minister