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India-Albania relations are the bilateral ties between the Republic of India (Bhārat Gaṇarājya) and the Republic of Albania (Republika e Shqipërisë). Bilateral relations between India and Albania are cordial and friendly.
Diplomatic relations were established between India and Albania in 1956. The Indian Ambassador in Bucharest is also accredited to Tirana, while Albania is represented in India through its embassy in Beijing. From 2008 to 2014 Albania had a permanent Embassy in India, which was later closed due to budget cuts made by the government.
Trade has been modest between India and Albania. During 2014-15 bilateral trade was measured at US$671.13 million (exports to Albania from India at US$396.62 million, imports form Albania to India US$274.51 million). Principal commodities imported from India were aluminum, pharmaceuticals, spices, chemicals, vegetables, mechanical and electrical machinery, textiles, construction material and plastic products, while India imports chemical industry products, copper, plant extracts for pharmaceutical use, inorganic chemicals and metal alloys.
In Feb 2012, a venture of India Albania Trade Expo was held to experience the potential of outsourced jobs in India where the cost effectiveness of the Indian businesses was on focus and also to exploit the potential deals and ventures from the Albanian side. The Expo was treated as an international platform to about 300 Indian companies to explore the untapped markets of Albania to achieve the bilateral profits.
Both countries are signatories of the double taxation avoidance agreement (DTAA) to help the exchange of banking information and containing the fiscal evasion related to taxes on income. The agreement included exchange of information between tax authorities of the both countries and information exchange pertaining to banking and sometimes, rendering information without any recourse to domestic interest.
India and Albania agreed to boost cooperation with Indian investment in the energy sector like Oil and Gas sector. A Memorandum of Collaboration (MoC) has also been signed in New Delhi where the Union Minister of Human Resource Development and Minister of State for Petroleum and Natural Gas were present.
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