Mauritian PM Navinchandra Ramgoolam called on Indian investors to explore opportunities in Mauritius, highlighting their vital role in the country’s economic growth. With reforms aimed at reducing bureaucracy and enhancing the judicial framework, Mauritius seeks to attract more foreign investment. The announcement coincided with Modi receiving Mauritius’ highest civilian honor, emphasizing strong India-Mauritius relations.
Mauritian Prime Minister Navinchandra Ramgoolam urged Indian investors to explore opportunities in Mauritius, emphasizing that their involvement is essential for the nation’s economic growth. During an event attended by Indian Prime Minister Narendra Modi, he highlighted the significant contributions of the Indian diaspora across various sectors such as construction, tourism, and healthcare.
India, with its 35 million global diaspora excelling in technology, medicine, and finance, remains a pivotal ally for Mauritius. Ramgoolam stated, “Your participation is vital for the economic growth of Mauritius. When you come here, you enrich our country as well.” He expressed a desire to attract more foreign investors from India.
To foster a business-friendly environment, Ramgoolam outlined several economic reforms aimed at reducing bureaucracy and streamlining processes. He revealed plans for an arbitration center to speed up commercial dispute resolutions, asserting, “We’re going to lessen the commercial cost so that disputes can be resolved quickly.” He emphasized that investors seek clarity, predictability, and the rule of law.
Additionally, Mauritius is looking for international expertise to enhance its judicial and business frameworks, including potential contributions from Indian judges. Ramgoolam noted, “We are looking forward to the judges from abroad… I’m sure from India also we can get because we want to raise the standards.”
This investment initiative coincided with the awarding of Mauritius’ highest civilian honor, the Grand Commander of the Order of the Star and Key of the Indian Ocean, to Prime Minister Modi during his two-day state visit. Modi became the first Indian to receive this honor, which recognizes his role in fortifying India-Mauritius relations.
In his remarks, Modi acknowledged the deep historical and cultural ties between the two nations and reaffirmed India’s commitment to enhancing bilateral cooperation. He stated, “The people and the government of Mauritius have decided to confer upon me their highest civilian honour. I humbly accept this decision with great respect.”
The call from Prime Minister Ramgoolam for Indian investments highlights the importance of the Indian diaspora in Mauritius’ economic growth. With reforms aimed at enhancing the business environment, including reducing bureaucracy and establishing arbitration mechanisms, Mauritius is making strides to attract foreign investors. Modi’s honorary recognition underscores the strong historical ties and strategic partnership between India and Mauritius.
Original Source: indianexpress.com
