Mauritian Prime Minister Navinchandra Ramgoolam has emphasized the vital need for Indian investment in Mauritius to foster economic growth. He outlined reforms to simplify business operations and announced efforts to enhance the judicial framework. Primarily during a visit by Indian Prime Minister Narendra Modi, Mauritius honors him with its highest civilian award, underscoring their robust bilateral ties.
Mauritian Prime Minister Navinchandra Ramgoolam has urged Indian investors to seize opportunities in Mauritius, emphasizing their participation as crucial for the nation’s economic growth. During a community event attended by Indian Prime Minister Narendra Modi, he acknowledged the significant contributions of the Indian diaspora in various sectors including construction, tourism, healthcare, hospitality, and financial services.
India, with approximately 35 million diaspora members excelling in diverse fields, remains an essential partner for Mauritius. Ramgoolam stated, “Your participation is vital for the economic growth of Mauritius. When you come here, you enrich our country as well,” while encouraging more investors from India to consider Mauritius as a viable option for investment.
To facilitate investment, Ramgoolam outlined a series of economic reforms designed to enhance Mauritius’ appeal as a business-friendly destination. He pledged to reduce bureaucracy and eliminate red tape, affirming, “We are looking forward to making businesses easier to do, less bureaucracy, less red tape.” A significant initiative mentioned is the establishment of an arbitration centre to expedite the resolution of commercial disputes.
He noted that Mauritius is committed to lowering commercial costs to resolve disputes swiftly, emphasizing that investors seek “clarity, predictability, and… the rule of law.” Additionally, Ramgoolam expressed the desire for international expertise, particularly from India, to improve the judicial and business frameworks in Mauritius, stating, “We want to raise the standards.”
The investment appeal was announced alongside the conferring of Mauritius’ highest civilian honor, the Grand Commander of the Order of the Star and Key of the Indian Ocean, upon Prime Minister Modi during his two-day state visit. This honor represents a significant recognition of Modi’s efforts to strengthen relations between India and Mauritius.
In response, Modi acknowledged the historical and cultural ties shared by the two nations, reaffirming India’s dedication to enhancing bilateral cooperation. He described Mauritius as a strategic partner in the Indian Ocean region, highlighting prior collaborations in infrastructure, education, and capacity-building. Modi expressed his gratitude, stating, “This is not just an honour for me, it is an honour for the historic bond between India and Mauritius.”
In summary, the call for increased Indian investment in Mauritius is seen as a pivotal step for the nation’s economic development. The Mauritian government is taking significant measures to create a more favorable business environment, emphasizing the importance of Indian collaboration. This diplomatic relationship is further solidified by recent honors conferred upon Indian leadership, reflecting the historical bond and mutual respect shared between India and Mauritius.
Original Source: indianexpress.com
