MALTA WOOS INDIAN INVESTORS TO SET UP BUSINESSES

Chennai, September 28, 2008
The Economic Times

Malta today said it would provide various incentives to aspiring Indian companies for settling up operations in the European island nation.

"Malta, the newest entry into the European Union, is a well-connected investment location, which boasts of an advanced communications set-up and business environment", Malta's High Commissioner H E Wilfred Kenely told reporters here at an event organised by South India Chamber of Commerce and Industry (SICCI).

"Malta Enterprise Act (ME Act) provides incentives for foreign direct investors and local enterprises demonstrating commitment toward growth. Enterprises engaged in manufacturing, ICT development activities, call centres, pharmaceuticals, biotechnology, filming and audio visual may benefit from these incentives," he added.