Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | TechJobs | Technology | Travel
January 22, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding Women Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | TechJobs | Technology | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report January 22, 2001 |
Feedback
|
|
|
Mauritius seeks Indian expertise for JVsMauritius is seeking expertise and technology from the Indian entrepreneurs to set up joint venture projects in underdeveloped African nations and revive their economic growth. "We are working on some proposals to have technical alliances with the Indian industry and turn the economy of neighbouring nations like Madagascar and Zimbabwe around," said the visiting Mauritius Prime Minister Anerood Jugnauth. Addressing a business meeting with industrialists in Bombay on Monday, Jugnauth said that his government was willing to provide permanent visas to Indians who intended to set up their business units and also invest money. "We have introduced a permanent resident scheme for those businessmen who wish to invest more than $500,000 in Mauritius," he said. The prime minister called upon the Indian business community to invest in Mauritius not only for the mutual benefit, but also for enhancement of bilateral economic relations and trade partnership. Highlighting the potential of bilateral trade in areas like tourism, information technology, pharmaceuticals and healthcare and leather and textile products, Jugnauth said that Indian companies could use Mauritius as their base for development and production activities and also as a trading hub for third country exports. The African Growth and Opportunity Act, which grants trade preferences to sub-Saharan African nations, of which Mauritius forms a part, provide new opportunities for foreign investors to set up enterprises to tap the vast US market on a duty-free and quota-free basis. In this connection, Jugnauth invited the Indian textile manufacturers to set up new spinning and weaving mills in Mauritius and enjoy the duty-free and quota-free export markets. Mauritius which recently announced the open-sky air policy, will soon an additional flight to Madras in a week. Currently, there is one flight a week from Mauritius to Delhi, Bombay and Madras. UNI |
||||
