Mauritius Woos Indian Investors in 10 Sectors

MUMBAI, INDIA - On June 14, 2016, World Trade Centre Mumbai hosted a run-up event to promote the first-ever India-Mauritius Global Partnership Summit 2016 to be held between July 23-28 in Mauritius.

During the run-up event, Mr. Raj Rampartab, Member of Parliament, Parliamentary Private Secretary, Mauritus, and In-charge, Development Desk at Prime Minister’s Office Mauritius invited Indian companies to invest in Mauritius by taking advantage of its strategic position vis-à-vis the African continent and its trade treaties with India.

Mr. Deepak Vasantrao Kesarkar, Minister of State, Department of Finance, Rural Development, Planning, Government of Maharashtra pointed out that Mauritius is a business-friendly nation and the Summit is a big opportunity for Indian entrepreneurs as it would open a gateway to Africa and enable them to develop their business.

The India-Mauritius Global Partnership Summit 2016, which is organized by the India-Mauritius Trade and Cultural Friendship Forum, would be a platform for around 250 Indian delegates to explore business partnership with 150 African delegates.

Through this Summit, which is themed as ‘Let’s talk business’, the Mauritius government aims to attract investment from Indian companies in 10 top sectors.

Mr. Deven Maulloo, Director-Conference, India-Mauritius Global Partnership Summit 2016, informed that Mauritius is at the top in the ease of doing business and entrepreneurs can set up a company within three working days.

Mr. Maulloo pointed out that Indian businesses must know that Mauritius is an important regional player through its membership of two major African blocks - South African Development Community (SADC - 15 African countries) and Southern African States and Common Market for Eastern and Southern Africa (COMESA - 19 African countries). There are no trade barriers among these member states and this way Indians can look outbound, he added.

Indian investors can explore investment opportunity in the Smart City sector as well, especially in the US$ 2 billion project of Heritage City. Indians are given priority in the country’s smart city initiative. “Many foreign universities have opened in Mauritius and Maulloo felt that since Mauritius has 25,000 working graduate population, Indian universities must set shop there soon and can even plan vocational and technical training centres,” concluded Maulloo.

Caption From (L-R): Capt. Somesh Batra, Vice Chairman, World Trade Centre Mumbai, Mr. Deepak Vasantrao Kesarkar, Minister of State Department of Finance, Rural Development, Planning, Government of Maharashtra, Honourable Raj Rampartab, Member of Parliament, Parliamentary Private Secretary, Mauritius, and In-charge, Development Desk at Prime Minister’s Office Mauritius, during the run-up event organized by the India-Mauritius Global Partnership Summit 2016 on June 14, 2016 at World Trade Centre Mumbai.

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