Left Menu
Development News Edition

India, Mauritius to sign economic cooperation pact soon

PTI | Mumbai | Updated: 24-01-2019 21:54 IST | Created: 24-01-2019 21:54 IST
India, Mauritius to sign economic cooperation pact soon

India and Mauritius are very close to signing a comprehensive economic partnership very soon to deepen ties, Prime Minister of the island nation Pravind Jugnauth said Thursday. India and Mauritius will sign at any moment a comprehensive economic cooperation agreement which will stimulate trade and investment in the region, he said at a State Bank of Mauritius event here.

It is also proposed to have a Mauritius-India Infrastructure Investment Fund for the mutual benefit of both the countries, he said. Jugnauth said the Indian Ocean country can serve as a bridge between India and Africa specifically.

He said Mauritius is developing special economic zones with many African countries and urged Indian investors to invest in such zones. His countrys long-term objective is to develop a international finance centre which will act as a bridge between India or Asia and Africa, he said.

Jugnauth said there are a slew of investor-friendly initiatives which are offered by the country, including a three per cent corporate tax on export-oriented companies and also an eight-year tax holiday. SBM is the first foreign lender to start operations as a wholly owned subsidiary and has four branches at present.

India is the second country after Kenya where it has expanded into and will be going next to Seychelles. Union commerce minister Suresh Prabhu said India is looking forward to a new relationship with Mauritius, knowing well that the future is Asias.

He also alluded to the economic partnership agreement, saying the pact is in advance stages of preparation..



Uganda COVID-19 response: Was off to a good start but reopening dwindled prospects

Uganda has shown success in using health information to enhance efficiency of disease surveillance, reporting and monitoring. The success, however, has critical challenges confronting it as the country resumes normal activities....

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...


Latest News

Nadda welcomes Cabinet's decison to hike ethanol price, extend jute packaging norms

BJP president JP Nadda welcomed the decisions of Prime Minister Narendra Modi-led Cabinet to approve the mechanism for procurement of ethanol by public sector oil marketing companies OMCs. In a tweet, Nadda said, I heartily welcome the Cabi...

Dua Lipa to perform for livestream show 'Studio 2054'

British star Dua Lipa has announced a virtual livestream show Studio 2054. The exclusive multi-dimensional live performance will be shot in a massive warehouse location on November 27. Indian fans of the Grammy winner can book tickets to ...

Meghan Markle wins bid to delay court battle with newspaper

Meghan, the wife of Britains Prince Harry, won her bid to have a privacy action against a tabloid newspaper delayed after a London court ruled last month the paper could amend its case to include details from a recently published biography....

MFI borrowers to benefit from ex-gratia payment of interest scheme

Thousands of clients of NBFC- MFIs will benefit from the scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to certain categories of borrowers, an official said on Thursday. ...

Give Feedback