UK-Based Indian Companies See Malta As Potential Base Post-Brexit – Muscat

18th January 2019

Prime Minister Joseph Muscat said that Malta shared identical values with India, including the fact that both countries were members of the Commonwealth.

Several Indian companies based in London and the United Kingdom perceive Malta as a viable European base from where they can operate after the UK leaves the European Union, according to Prime Minister Joseph Muscat.

Speaking at the Vibrant Gujarat summit in Gujarat, India, Dr Muscat said that Malta shared identical values with India, including the fact that both countries were members of the Commonwealth.

He mentioned Indian companies which are currently based in Malta, including pharmaceutical firm Aurobindo, as well as cloud services provider Streamcast, which had collaborated with Enemalta to invest in a Global Data Centre on the site of the former power station in Marsa.

Discussing Malta’s work in the blockchain sector, Dr Muscat said that Malta was the first country in the world to pass laws in favour of this technology, and was exploring even newer technologies such as Artificial Intelligence (AI). He urged Malta and India to collaborate on such sectors, stating that there were great opportunities to be seized.

Dr Muscat concluded by stating that Gujarat and Malta had a lot in common, since the economic efforts made by both states had left an impact not just in figures, but also on the lives of their families and workers.


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