Mauritius to set up dedicated SEZ for Indian Companies

29 Apr 2023 CW Team

According to Arvind Radhakrishna, Strategic Advisor to the Economic Development Board of Mauritius, Mauritius has opened its doors for Indian companies to develop a dedicated special economic zone (SEZ) exclusively for themselves.

"Mauritius is developing a dedicated SEZ for Indian companies," he said during an interactive session. I would like to invite Indian investors and real estate developers to help develop the zone and strengthen our economic ties." He was speaking at a session co-hosted by the World Trade Centre Mumbai and the All India Association of Industries (AIAI). He is leading a delegation of 21 businesses to investigate new opportunities for economic collaboration, technology exchange, and joint ventures.

Mauritius has signed investment treaties with 44 countries and double taxation treaties with 21 African countries.

"It has preferential market access to 70% of the global consumer market because it has signed trade agreements with Africa, the United States, the European Union, China, the United Kingdom, Turkey, and other countries," he said.

According to the trade overview shared by Seewraj Nundlall, Counsellor (Investment & Trade), Consulate General of the Republic of Mauritius, India is the second largest source of import, accounting for 10% of total Mauritius imports.

"Total Mauritius exports to India increased from USD 16 million in 2010 to USD 56 million by 2022." "Mauritius receives approximately 90% of the over USD 70 billion in Indian investment in Africa," Nundlall said.

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