Honorable, Soomilduth Bholah, Mauritius’ Minister of Financial Services and Good Governance, recently visited India to encourage Indian investors to utilize Mauritius as a gateway to access emerging African markets. During his ‘India Business Mission’ covering major cities, Bholah emphasized Mauritius’ expertise in African markets and urged Indian companies to set up offices there for operations in Africa.
A company can directly invest in an African country. However, there is no guarantee if that country changes the law, and there could be a threat to assets and investments. Routing the investment through Mauritius ensures the safety of the investment due to the trade agreements with various African countries.
Leveraging Mauritius’ expertise in finance and its established networks, Mauritius aims to explore avenues for enhancing investment flows into Africa, thereby contributing to the economic development of the region. Mauritius and India share deep-rooted cultural and diplomatic ties, spanning generations, and the Mauritius International Financial Centre (IFC) played a pivotal role in India’s growth during the late 90s and early 2000s, continuing to serve as a key jurisdiction for structuring foreign investment into India. It remains complementary to initiatives like GIFT City and other Indian IFCs. This multi-city visit highlights the potential for collaboration, innovation, and prosperity be between our nations.
The mission aimed to facilitate elevated dialogues delving into prospective partnerships in key areas such as financial services, IT, and private markets, with a specific emphasis on discerning synergies and crafting frameworks for mutually advantageous cooperation. Aligning with the overarching goal of fostering shared prosperity, the delegation will further explore opportunities to reinforce the India-Africa Corridor.
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