The Hindu Business Line : Mauritius seeks Indian funds in tourism, textiles sectors

THE Prime Minister of Mauritius, Mr Paul Berenger, has said that his country is gateway to Southern and Eastern Africa and the Indian industry should make use of this by investing in Mauritius.

Several efforts are underway to attract investments from India. Mauritius is being developed as the regional knowledge hub and regional seafood hub in a bid to invite investments from countries including India.

"I invite you to invest in tourism, textiles -- especially in spinning mills, in general industrial sector including pharmaceuticals,'' Mr Berenger said at a meeting organised by the Indo-Mauritius Chamber of Commerce and All India Association of Industries.

Mauritius has set up a Board of Investments to reduce administrative red tapism. It has also set up a national equity fund of $1 billion. "We offer good infrastructure — telecom and ports,'' he said.

Mr Berenger also touched upon the issue of double taxation and said that signing of a memorandum of understanding between India and Mauritius will help in avoiding abuse of double taxation.

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