Make Mauritius Your Preferred Regional Investment & Business Platform: Prime Minister of Mauritius

The Hon. Pravind Kumar Jugnauth, Prime Minister of the Republic of Mauritius, encouraged Indian companies and investors to work closely and in a transparent manner with their counterparts in Mauritius for the successful collaboration and prosperity of the two countries.

Speaking at a business meeting organized by CII, FICCI & ASSOCHAM here today, Prime Minister Pravind Kumar Jugnauth during his first visit abroad as prime minister after assuming office early this year said that India and Mauritius are natural partners and share a relation beyond trade based upon historical and strong cultural ties.

According to the Prime Minister, Mauritius is ranked No. 1 in Africa for business climate by the World Bank Group and for good reason. With Investment-friendly regulatory regime, open to foreign investors and talents, ocean state with one of the largest Exclusive Economic Zones in the world, state-of-the-art infrastructure, political stability, tax structure, strong communications network and robust regulatory system has helped Mauritius to emerge as a major global investment destination.

The Prime Minister highlighted that once Comprehensive Economic Cooperation and Partnership Agreement (CECPA) comes into force, the relationship between the two countries will get a further boost through increased investment and trade flow.

The Prime Minister invited Indian companies to invest in Infrastructure, Fintech, Healthcare, Agro-industry, Ocean economy, Healthcare and pharma.

The Prime Minister praised Indian initiatives by India government namely Make in India, Digital India and expressed desire to replicate similar programmes in Mauritius.

In his address, Mr D M Mulay, Secretary (CPV & OIA), Ministry of External Affairs stated “Comprehensive Economic Cooperation and Partnership Agreement (CECPA) is likely to come into force by mid-2017 will open new avenues for trade and investment and the amendment of Double Taxation Avoidance Agreement (DTAA), MFN agreement will further boost FDI flow.  The visa free regime in Mauritius to boost Indian tourism in Mauritius” he added.

In his welcome address, Mr S Kuppuswamy, Member, CII Africa Committee & Advisor, Group Finance & Spl. Projects , Shapoorji Pallonji Group Companies stated that under the leadership of Prime Minister Jugnauth, Mauritius has not only emerged as a power house of Africa but also established itself  as a gateway to doing business in Africa as well as an “international financial centre for the region and other emerging markets.

In his address, Mr. Sandeep Jajodia, President, ASSOCHAM and Chairman & Managing Director, Monnet Group stated that India and Mauritius can embark on a drive for renewed relationship as “Partners in Progress”.

Mr D K Sen, Whole Time Director and Senior Executive Vice President, Larsen & Toubro stated that Mauritius was a ranked by World bank very high in terms of ease of doing business. The country has tremendous opportunities for Indian companies in terms of mutual collaboration.