New Delhi, September 14: India and Malta are set to sign a Memorandum of Understanding (MoU) for strengthening cooperation in the field of Tourism. The MoU will help in increasing tourist arrivals in both countries that will lead to a boost in the economy.
Notably, the Cabinet chaired by PM Modi approved the signing of the MoU between India and Malta for strengthening cooperation in the field of Tourism. The MoU will be signed during the upcoming visit of the Vice President to Malta.
Main objectives of the MoU are:
This MoU will help the two parties in creating an institutional mechanism for enhancing cooperation in the tourism sector. It will also help India in increasing foreign tourist arrivals from Malta. This, in turn, will result in economic development and employment generation.
The MoU will create favourable conditions for long-term tourism cooperation for the mutual benefits of all stakeholders within the broader framework and areas of cooperation. It will also explore to incorporate the best practices in order to implement the measures that will realize its objectives.