Following the President’s recent visit to Mauritius, a high-level delegation from the Mauritius International Financial Centre (IFC), led by Minister of Financial Services and Good Governance, Soomilduth Bholah, is scheduled to head an India Business Mission from March 14 to March 23.
The Minister of Financial Services and Good Governance, Soomilduth Bholah, will lead a significant delegation from the Mauritius International Financial Centre (IFC) on a crucial India Business Mission.
“Mauritius and India share deep cultural and diplomatic ties that have spanned generations. The Mauritius International Financial Centre (IFC) has played a crucial role in India’s growth since the late 90s and early 2000s, continuing to be a key jurisdiction for structuring foreign investments into India.”Minister Soomilduth Bholah says on the collaboration mission
This comprehensive tour will cater a series of meetings with influential stakeholders including industry leaders, government officials, potential investors, and private sector representatives, the delegation seeks to facilitate knowledge exchange, explore partnership opportunities, and identify avenues for mutual growth across major Indian cities including New Delhi, Chennai, Hyderabad, and Mumbai.
He further added, “This multi-city visit underscores the potential for collaboration, innovation, and prosperity between our nations. Through collaborative efforts, we aim to uncover new opportunities in investment, trade, sustainable financing, and technology advancement.”
The tour is aimed to showcase the potential of Mauritius’ private sector and reaffirm the government’s commitment to creating a welcoming environment for foreign investors.
The Mauritius IFC, an internationally recognized jurisdiction of repute, is home to international banks, law firms, corporate services, investment funds, and private equity funds. The Mauritius IFC has arranged about USD 82 billion in direct investment into Africa, making it the most significant IFC in Africa.
The delegation intends to increase investment in Africa through Mauritius, recognizing the island’s strategic position as a gateway to the African continent. Leveraging Mauritius’ financial knowledge and established networks, the delegation wants to learn the potential to expand investment flows into Africa, thereby contributing to the region’s economic growth.
The delegation’s carefully planned itinerary is intended to promote collaboration and achieve strategic goals. Furthermore, the mission seeks to foster discussions about potential collaborations in critical sectors such as financial services, information technology, and private markets, with an emphasis on identifying synergies and developing frameworks for mutually beneficial collaboration. In accordance with the larger goal of encouraging shared prosperity, the delegation will look into measures to improve the India-Africa corridor.