Malta-based Indian pharmaceutical firm Aurobindo, will invest €3 million in oncology research, the Prime Minister has announced.
Aurobindo has been operating in Malta for more than 15 years.
Joseph Muscat was taking part in a meeting for businesses during the Vibrant Gurajat summit in India.
The cooperation between the pharmaceutical sector in India and Malta came about as a result of the Malta Medicines Authority, which carries out inspections in Gurajat in connection with quality certificates.
Underlining his government's "pro-business" approach, Dr Muscat pointed out that Malta is the ideal location to infiltrate other markets, especially European ones.
Economy Minister Chris Cardona also addressed the participants.