Stakeholders in the construction industry, information and communication technology (ICT), film development and manufacturing can explore business opportunities in Mauritius, Paramasivum Pillay Vyapoory, Vice-President, Republic of Mauritius said.

Vyapoory, now on a goodwill mission in India, met members of Young Indians (Yi) and the Confederation of Indian Industry, Coimbatore at Fairfield Marriot here.

During his brief interaction, he invited a delegation to Mauritius to understand the requirements, collaborate with the industry there or start new business ventures there. Close to 56 per cent of the people are of Indian origin, he added. The island nation in the Indian Ocean is a member of the African Union.

Nevertheless, it is a safe investment destination as compared to South Africa. In fact, Mauritius is ranked on top in Africa for ease of doing business, Vyapoory said.

While inviting potential investors, he said “it is a small market. We are into production and export of sugar to the UK and make apparels for the US market. We import garments and re-export as apparel, source rice and clove from India. While there is huge potential for investment, labour cost is high as compared to India.”

He further said that the purchasing power of Mauritians was high with people spending huge sums on jewellery and hotel among others.

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