The Isle of Man Government has signed a significant memorandum of understanding with India at a recent major trade conference.

Representatives of the Isle of Man and India made this formal partnership at the annual confederation of Indian industry held in London. The memorandum of understanding is designed to deliver greater mutually beneficial trade and investment. The Isle of Man Government has said that it recognises the significance and importance of establishing strong ties with India, a country which has the second fastest growing economy in the world. The Isle of Man's economy is also continuing to grow.

The Isle of Man Government is hoping that the memorandum of understanding will ensure that the Isle of Man and India continue to work closely as international partners to promote strong economic and industrial growth. The Government stated that India has recognised the value of the Isle of Man's fiscal incentives, responsive Government, sound international reputation and robust legal system. There are still more Indian AIM listed companies registered in the Isle of Man than in any other country.

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