Mauritian PM Navinchandra Ramgoolam emphasized the need for Indian investments, marking them as vital for economic growth. He highlighted the Indian diaspora’s contributions, proposed reforms for a business-friendly environment, and called for international expertise to improve the legal framework. Prime Minister Narendra Modi received Mauritius’ highest civilian honor, reinforcing the strong ties between the two nations.
Mauritian Prime Minister Navinchandra Ramgoolam urged Indian investors to explore opportunities in Mauritius, stating that their involvement is crucial for the nation’s economic growth. During a community event with Prime Minister Narendra Modi, he highlighted contributions from the Indian diaspora in sectors like construction and healthcare, asserting that these investments could significantly benefit Mauritius.
Ramgoolam pointed out that India has a global diaspora of around 35 million individuals excelling in technology, medicine, and finance, marking India as a vital partner for Mauritius. He stressed, “Your participation is vital for the economic growth of Mauritius. When you come here, you enrich our country as well.” Furthermore, he emphasized the need for increased Indian investment.
To foster a business-friendly environment, Ramgoolam outlined proposed economic reforms, including the reduction of bureaucratic hurdles and the establishment of an arbitration center to expedite commercial dispute resolutions. He stated, “We are looking forward to making businesses easier to do, less bureaucracy, less red tape.” This initiative aims to enhance the legal framework and make Mauritius an attractive investment destination.
Additionally, Ramgoolam expressed interest in international expertise, particularly from India, to improve Mauritius’ judicial and business systems. He announced plans to potentially recruit judges from abroad to raise legal standards: “We’re going to lessen the commercial cost so that disputes can be resolved quickly.”
The call for investment coincided with the conferral of Mauritius’ highest civilian award to Modi. This recognition marks Modi as the first Indian recipient and the fifth global recipient of this honor, celebrating his commitment to strengthening India-Mauritius relations. Modi acknowledged this accolade, stating it symbolizes the strong historical and cultural ties shared between the two countries and India’s dedication to enhancing bilateral cooperation.
This article outlines the key points from Prime Minister Navinchandra Ramgoolam’s appeal for Indian investment in Mauritius. By emphasizing the importance of the Indian diaspora and proposing economic reforms, Ramgoolam aims to attract foreign investment to stimulate economic growth. The simultaneous conferment of a prestigious award to India’s Prime Minister Narendra Modi reflects the ongoing collaborative relationship between India and Mauritius, underscoring shared historical and cultural connections.
Original Source: indianexpress.com
