Mauritian Prime Minister Navinchandra Ramgoolam urged Indian investors to explore opportunities in Mauritius, emphasizing their vital role in economic growth. Recognizing the contributions of the Indian diaspora, he highlighted ongoing reforms to make Mauritius a business-friendly destination. The award presented to Prime Minister Narendra Modi symbolizes strong bilateral ties between the two nations.
Mauritian Prime Minister Navinchandra Ramgoolam has urged Indian investors to explore opportunities in Mauritius, highlighting their role as vital for the country’s economic growth. Speaking at a community event with Indian Prime Minister Narendra Modi, Ramgoolam noted the significant contributions of the Indian diaspora across various sectors, including construction, tourism, healthcare, hospitality, and financial services.
India, with a diaspora of approximately 35 million skilled individuals in fields such as technology, medicine, and finance, is considered a crucial 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.” He emphasized the desire for increased investment from India, particularly from foreign investors.
To facilitate foreign investment, Ramgoolam outlined a series of economic reforms aimed at making Mauritius a more business-friendly destination. He pledged to reduce bureaucracy and eliminate red tape, asserting, “We are looking forward to making businesses easier to do, less bureaucracy, less red tape.” Additionally, he announced plans to establish an arbitration center to expedite the resolution of commercial disputes, reinforcing the need for clarity and the rule of law for potential investors.
Ramgoolam expressed the desire for international expertise, particularly from India, to enhance the judicial and business framework. He remarked, “We are looking forward to the judges from abroad… I’m sure from India also we can get because we want to raise the standards,” indicating a collaborative approach to improve the environment for investors in Mauritius.
This investment push coincided with Ramgoolam awarding the Grand Commander of the Order of the Star and Key of the Indian Ocean to PM Modi during his State visit. Modi, the first Indian to receive this honor, expressed gratitude and highlighted the deep cultural ties between India and Mauritius, reaffirming India’s commitment to strengthening bilateral relations and cooperation across various sectors.
In summary, the call for Indian investment in Mauritius underscores the significant contributions made by the Indian diaspora in diverse sectors crucial for economic growth. The Mauritian government’s push for reforms aims to create a conducive investment environment. Furthermore, the award conferred upon PM Modi underscores the strong and historic relationship between India and Mauritius, fostering further collaboration for mutual development.
Original Source: indianexpress.com
