OREANDA-NEWS. September 23, 2011. Estonia and India have fleshed out the legal basis for economic ties both countries expect will become more substantial in the decades ahead.

In Tallinn, India's minister for IT and human resources, Kapil Sibal, and Estonian Finance Minister Jurgen Ligi signed a double taxation avoidance agreement that Sibal said should be a prelude for more cooperation.

India is potentially interested in IT and communications, genetics and biotechnology.

Each year the Asian giant turns out 600,000 engineers, some of whom could come to Estonia for stints at companies and universities, said Estonia's Ambassador to India Peep Jahilo on ETV.