Mauritian Prime Minister Navinchandra Ramgoolam has invited Indian investors to explore opportunities in Mauritius, emphasizing their crucial role in the nation’s economic growth. He introduced reforms aimed at reducing bureaucracy and facilitating business operations, while also highlighting the importance of international collaboration, notably with India. The announcement coincided with the conferment of a prestigious honor upon Prime Minister Narendra Modi, celebrating India-Mauritius relations.
Mauritian Prime Minister Navinchandra Ramgoolam urged Indian investors to explore opportunities in Mauritius, stressing their involvement is essential for the nation’s economic growth. He highlighted the significant contributions of the Indian diaspora in sectors such as construction, tourism, healthcare, hospitality, and financial services, recognizing India as a principal partner with a global diaspora of approximately 35 million.
Ramgoolam expressed, “Your participation is vital for the economic growth of Mauritius. When you come here, you enrich our country as well.” He encouraged more Indian investors to consider Mauritius, emphasizing the need for foreign investment to boost the economy.
To attract investment, Ramgoolam introduced a series of economic reforms aimed at enhancing business-friendly conditions. He committed to reducing bureaucracy and cutting red tape, stating, “We are looking forward to making businesses easier to do, less bureaucracy, less red tape.” The establishment of a new arbitration centre was also announced to expedite resolutions of commercial disputes, as he recognized that investors seek clarity, predictability, and adherence to the rule of law.
Additionally, the Prime Minister conveyed a desire for international expertise to improve the judicial and business framework in Mauritius. Emphasizing collaboration, he stated, “We’re looking forward to the judges from abroad… I’m sure from India also we can get because we want to raise the standards.” This demonstrates Mauritius’ intent to enhance its legal and business environments.
The investment initiative coincided with a significant event wherein Ramgoolam awarded Prime Minister Narendra Modi with the Grand Commander of the Order of the Star and Key of the Indian Ocean, marking him as the first Indian recipient of this honor. Modi’s State visit to Mauritius, having gathered over 3,500 attendees, was pivotal in recognizing his role in strengthening bilateral relations.
In response, Modi acknowledged the importance of India-Mauritius ties, declaring, “This is not just an honour for me, it is an honour for the historic bond between India and Mauritius.” He reiterated India’s commitment to enhancing cooperation, especially as Mauritius stands as a vital partner in the Indian Ocean region, highlighting past collaborations in various sectors.
In conclusion, Prime Minister Navinchandra Ramgoolam’s call for Indian investment highlights the strategic importance of the Indian diaspora in fostering Mauritius’ economic growth. Through systematic reforms, reduced bureaucracy, and enhanced collaboration with international expertise, Mauritius aims to create a conducive environment for foreign investment. The recent honor conferred upon Prime Minister Narendra Modi signifies the enduring and growing partnership between India and Mauritius, further reinforcing mutual collaboration across diverse sectors.
Original Source: indianexpress.com
