Millennium Post

‘Tax-free gateway to Africa’ Mauritius invites Indian firms

Port Louis: Home to a host of Indian firms and a vast Indian-origin population, Mauritius wants
a larger number of
companies from India to come here — for setting up businesses in the island nation as well as in other African countries.
Positioning itself as a 'tax-free gateway to Africa', Mauritius is also promising a host of other benefits to  the Indian companies  routing their investments to
various African nations through  its soil.
'Traditionally, India has been an important  economic partner for  Mauritius. We have many   Indian companies present here,' the country's  Vice-Prime Minister and Finance Minister Xavier Luc Duval said.
'As we see things going forward, Indian firms
have the know-how
and experience to help develop many of our emerging clusters, either on their own or through partnerships,' he said.
Listing out the sectors where Indian companies can invest in Mauritius, Duval said these included education space, ICT (Information, Communications and Technology), BPO (Business Process Outsourcing), medical, deap sea mining and ocean economy. The minister said film shooting is another area that offers great growth opportunities and benefits for Indian entities.
'As for the film industry, we are granting a 30 per cent refund on all the expenditure made in Mauritius.
'We have traditionally been an important centre for Indian films anyway and now with this 30 per cent refund, we are expecting much more film producers to come and shoot their films here,' he said.
With regard to Indian companies looking to invest in other parts of Africa through Mauritius, Duval said, 'In terms of our free port (a kind of tax-free
economic zone) being used as a base for onward shipping to Africa, there are opportunities for India.’ PTI
Agencies

Agencies

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