imported>PrimeBOT: /* top */Task 30, removal of a template duplicated in an infobox, per this discussion

2021-07-24T22:40:31Z

top: Task 30, removal of a template duplicated in an infobox, per this discussion

← Older revision		Revision as of 04:10, 25 July 2021
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	~~{{Short description\|1=Diplomatic relations between Cayman Islands and the Republic of India}}~~
	{{Infobox Bilateral relations\|Cayman Islands – India\|Cayman Islands\|India}}		{{Infobox Bilateral relations\|Cayman Islands – India\|Cayman Islands\|India}}
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	'''Cayman Islands–India relations''' refers to the international relations that exist between the [[Cayman Islands]] and [[India]]. The foreign relations of the Cayman Islands are handled by the [[British Foreign Office]]. Therefore, India's foreign policy has focused on economic relations with the Cayman Islands, as well providing consular services to Indians and Caymanians.<ref name="MEA2015">{{cite web\|title=India- Cayman Islands Relations\|url=https://www.mea.gov.in/Portal/ForeignRelation/Cayman_Islands_Jan2015.pdf\|website=Ministry of External Affairs (India)\|access-date=20 April 2017\|date=January 2015}}</ref> The High Commission of India in [[Kingston, Jamaica]] is concurrently accredited to the Cayman Islands.<ref>{{cite web\|title=High Commissioner M. Sevala Naik presented his credentials to His Excellency Moses Kirkconnell, JP, Acting Premier of Cayman Islands on Wednesday, 11 January, 2017.\|url=http://hcikingston.com/news/detail/103\|website=High Commission of India, Kingston\|access-date=20 April 2017\|date=14 January 2017}}</ref>		'''Cayman Islands–India relations''' refers to the international relations that exist between the [[Cayman Islands]] and [[India]]. The foreign relations of the Cayman Islands are handled by the [[British Foreign Office]]. Therefore, India's foreign policy has focused on economic relations with the Cayman Islands, as well providing consular services to Indians and Caymanians.<ref name="MEA2015">{{cite web\|title=India- Cayman Islands Relations\|url=https://www.mea.gov.in/Portal/ForeignRelation/Cayman_Islands_Jan2015.pdf\|website=Ministry of External Affairs (India)\|access-date=20 April 2017\|date=January 2015}}</ref> The High Commission of India in [[Kingston, Jamaica]] is concurrently accredited to the Cayman Islands.<ref>{{cite web\|title=High Commissioner M. Sevala Naik presented his credentials to His Excellency Moses Kirkconnell, JP, Acting Premier of Cayman Islands on Wednesday, 11 January, 2017.\|url=http://hcikingston.com/news/detail/103\|website=High Commission of India, Kingston\|access-date=20 April 2017\|date=14 January 2017}}</ref>

>Monkbot: Task 18 (cosmetic): eval 17 templates: hyphenate params (17×);

2021-01-15T18:16:23Z

Task 18 (cosmetic): eval 17 templates: hyphenate params (17×);

New page

{{Short description|1=Diplomatic relations between Cayman Islands and the Republic of India}}
{{Infobox Bilateral relations|Cayman Islands – India|Cayman Islands|India}}
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'''Cayman Islands–India relations''' refers to the international relations that exist between the [[Cayman Islands]] and [[India]]. The foreign relations of the Cayman Islands are handled by the [[British Foreign Office]]. Therefore, India's foreign policy has focused on economic relations with the Cayman Islands, as well providing consular services to Indians and Caymanians.<ref name="MEA2015">{{cite web|title=India- Cayman Islands Relations|url=https://www.mea.gov.in/Portal/ForeignRelation/Cayman_Islands_Jan2015.pdf|website=Ministry of External Affairs (India)|access-date=20 April 2017|date=January 2015}}</ref> The High Commission of India in [[Kingston, Jamaica]] is concurrently accredited to the Cayman Islands.<ref>{{cite web|title=High Commissioner M. Sevala Naik presented his credentials to His Excellency Moses Kirkconnell, JP, Acting Premier of Cayman Islands on Wednesday, 11 January, 2017.|url=http://hcikingston.com/news/detail/103|website=High Commission of India, Kingston|access-date=20 April 2017|date=14 January 2017}}</ref>

==History==
Premier [[McKeeva Bush]], Minister for Health, Environment, Youth, Sports & Culture Mark Scotland, Cayman Islands Health Services Authority Canover Watson, and four other government officials visited Bangalore on 15–17 December 2009. They had been invited by the Chairman of [[Narayana Health|Narayana Hridayalaya]] to inaugurate the company's new Cancer Hospital.<ref name="MEA2015"/>

The Indian Government offers scholarships under the [[Indian Technical and Economic Cooperation Programme]] to two Caymanian citizens annually. However, the scholarships have generally not been utilized.<ref name="MEA2015"/>

==Economic relations==
In April 2010, Bangalore-based hospital chain [[Narayana Health|Narayana Hrudayalaya]] signed an agreement with the Caymanian Government to establish a hospital in Grand Cayman and a medical university to train doctors, nurses and paramedical students.<ref>{{cite news|last1=Badrinath|first1=Raghuvir|title=Narayana Hrudayalaya close to raising Rs 300 cr for Cayman Islands project|url=http://www.business-standard.com/article/companies/narayana-hrudayalaya-close-to-raising-rs-300-cr-for-cayman-islands-project-111071900022_1.html|newspaper=Business Standard India|access-date=20 April 2017|date=19 July 2011}}</ref> The 107,000 square foot [[Health City Cayman Islands]] was opened on 25 February 2014. It is the first foreign hospital owned by an Indian hospital chain.<ref>{{cite web|last1=Bureau|first1=Our|title=Narayana Health opens hospital in Cayman Islands|url=http://www.thehindubusinessline.com/news/national/narayana-health-opens-hospital-in-cayman-islands/article5733034.ece|website=The Hindu Business Line|access-date=20 April 2017|language=en|date=27 February 2014}}</ref>

The Cayman Islands and India signed a [[Tax Information Exchange Agreement]] (TIEA) on 21 March 2011. This was the 22nd TIEA signed by the Cayman Island and the 5th for India.<ref>{{cite web|title=India, Cayman Islands ink tax information exchange agreement|url=http://www.deccanherald.com/content/147908/india-cayman-islands-ink-tax.html|website=Deccan Herald|access-date=20 April 2017}}</ref><ref>{{cite web|title=Cayman Islands Secures Tax Agreement with India|url=http://www.caymanfinance.gov.ky/portal/page/portal/pruhome/pressroom/2011/taxagreementwithindia|website=www.caymanfinance.gov.ky|access-date=20 April 2017}}</ref><ref>{{cite web|title=AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF THE CAYMAN ISLANDS FOR THE EXCHANGE OF INFORMATION WITH RESPECT TO TAXES|url=http://www.incometaxindia.gov.in/DTAA/Tax%20Information%20Exchange%20Agreement%20(TIEA)/108690000000000017.htm|website=www.incometaxindia.gov.in|access-date=20 April 2017|language=en-us}}</ref> According to the Cayman Islands Monetary Authority (CIMA), India was the ninth largest destination for remittances from the Cayman Islands in 2011, receiving US$2.5 million.<ref>{{cite news|title=India among top recipients of remittances from Cayman Islands|url=http://economictimes.indiatimes.com/news/economy/finance/india-among-top-recipients-of-remittances-from-cayman-islands/articleshow/41934301.cms|newspaper=The Economic Times|date=7 September 2014|access-date=20 April 2017}}</ref><ref>{{cite news|last1=India|first1=Press Trust of|title=India among top recipients of remittances from Cayman Islands|url=http://www.business-standard.com/article/pti-stories/india-among-top-recipients-of-remittances-from-cayman-islands-114090700219_1.html|newspaper=Business Standard India|access-date=20 April 2017|date=7 September 2014}}</ref> The [[Bank of India]] operates in the Cayman Islands and maintains a branch in Grand Cayman.<ref>{{cite web|title=Bank of India (Cayman Islands)|url=https://thebanks.eu/banks/18153|website=thebanks.eu|access-date=20 April 2017|language=en}}</ref><ref>{{cite web|title=Bank of India - France- Overseas2|url=http://www.bankofindia.fr/english/Overseas2.aspx|website=www.bankofindia.fr|access-date=20 April 2017}}</ref> Cayman Islands-based NCBG Holdings, Inc. has proposed to invest in a 26% stake in a joint venture firm with Indian companies to manufacture wiring sets used in military vehicles, aircraft, ships and other defence machinery. The proposal requires approval from the Indian Government because it involves foreign direct investment in the defence industry.<ref>{{cite web|title=Govt clears FDI proposals worth Rs 1,027 cr|url=http://www.thehindubusinessline.com/economy/govt-clears-fdi-proposals-worth-rs-1027-cr/article1988242.ece|website=The Hindu Business Line|access-date=20 April 2017|language=en|date=3 May 2011}}</ref><ref>{{cite web|title=16 FDI PROPOSALS WORTH Rs. 923.55 CRORE APPROVED|url=http://finmin.nic.in/press_room/2011/16_FDI_proposals_approved.pdf|website=Ministry of Finance (India)|publisher=PRESS INFORMATION BUREAU|access-date=20 April 2017|location=New Delhi|date=7 June 2011}}</ref>

In mid-2015, an [[Supreme Court of India|Indian Supreme Court]]-appointed [[Special Investigation Team (India)]] (SIT) on black money, found that the Cayman Islands was the largest beneficiary of [[participatory note]]s from India, receiving 31.31% of the total outstanding Offshore Derivative Instruments. The SIT found that the Cayman Islands had a total investment of {{INRConvert|85000|c}} in Indian stock markets as on 28 February 2015, or about {{INRConvert|1.75|c}} per Caymanian citizen.<ref>{{cite web|title=Country of 54k puts Rs 85k cr in India!|url=http://www.deccanherald.com/content/499548/country-54k-puts-rs-85k.html|website=Deccan Herald|date=7 September 2015|access-date=20 April 2017}}</ref><ref>{{cite web|title=Black money trail exposed: Each citizen of Cayman Island invests Rs.1.75 crore in Indian stock market!|url=http://www.news18.com/news/india/black-money-trail-exposed-each-citizen-of-cayman-island-invests-rs-1-75-crore-in-indian-stock-market-1083308.html|website=News18|access-date=20 April 2017|date=7 September 2015}}</ref>

=== Trade ===
Bilateral trade between the Cayman Islands and India totaled US$3.54 million in 2015–16, declining from $6.75 million in the previous fiscal. India has not made any imports from the Cayman Island since 2013–14, when it imported $10,000 worth of residue and waste from food industries, and prepared animal fodder. The main commodities exported from India to the Cayman Islands are non-railway vehicles and spare parts, medical and surgical instruments, iron and steel articles, pharmaceuticals, and electrical machinery and equipment.<ref>{{cite web|url=http://commerce.gov.in/EIDB.aspx|title=Total Trade|website=Department of Commerce|language=en|access-date=22 April 2017}}</ref>

==Indians in the Cayman Islands==
As of fall 2019, around 1,000+ Indians reside in the Cayman Islands, making up around 2.6% of the total population and 3% of the expatriate population. Most of the community is employed in the hotel and hospitality industry, or in security-related organizations. A small number are doctors, chartered accountants, and other professionals.<ref name="MEA2015" />

The Caymanian Government was the first foreign government to officially recognise [[List of medical colleges in India|Indian medical degrees]].<ref>{{cite news|title=Devi Shetty opens low-cost healthcare venture in Cayman Islands outside US regulatory reach|url=http://economictimes.indiatimes.com/small-biz/entrepreneurship/devi-shetty-opens-low-cost-healthcare-venture-in-cayman-islands-outside-us-regulatory-reach/articleshow/30917552.cms?|newspaper=The Economic Times|date=24 February 2014|access-date=20 April 2017|last1=Das|first1=Soma}}</ref>

==References==
{{reflist}}

{{Foreign relations of the United Kingdom}}
{{Foreign relations of India}}

{{DEFAULTSORT:Cayman Islands-India relations}}
[[Category:Bilateral relations of India]]
[[Category:Bilateral relations of the Cayman Islands]]
[[Category:India–United Kingdom relations]]

Cayman Islands–India relations - Revision history

imported>PrimeBOT: /* top */Task 30, removal of a template duplicated in an infobox, per this discussion

>Monkbot: Task 18 (cosmetic): eval 17 templates: hyphenate params (17×);