Mauritius seeks additional investments from Indian entrepreneurs

NEW DELHI: Mauritius Prime Minster has called for additional investment from Indian businessmen through partnerships and joint ventures in the island nation, during his six-day official visit to India. He is accompanied by a high-level business delegation.

Mauritius PM Navinchandra Ramgoolam, has also asked the Indian entrepreneurs to use island nation as a entrance to African markets.

While addressing a business meeting organised jointly by three leading industry chambers, Mr Ramgoolam, said, “We see ourselves as a bridge between Asia and Africa. Time is ripe for Indian companies to plug in to the African nations using Mauritius as a base.”

The meeting held yesterday was jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industry (CII) and Associated Chambers of Commerce and Industry (Assocham).

The Mauritian prime minister, who is accompanied with a high-level business delegation, mentioned the surge recorded in the last two decades in Mauritius, positioning it as an attractive investment destination.

From April 2000-November 2011, the foreign direct investment (FDI) inflows from Mauritius stood at $62.05 billion.

The Commerce and Industry Minister Mr Anand Sharma, also stressed the requirement to beef up the business and economic engagements between the two countries.