New Delhi, Apr 26 (KNN) Mauritius has opened its door for the Indian companies to develop a dedicated special economic zone (SEZ) exclusively for themselves, said Arvind Radhakrishna, Strategic Advisor to the Economic Development Board of Mauritius. 

Addressing an interactive session he said, “Mauritius is developing a dedicated SEZ for Indian companies. I invite Indian investors and real estate developers to develop the zone and strengthen our economic ties.”

He was speaking at session organised jointly by WTC Mumbai and the All India Association of Industries (AIAI).

He is leading a delegation of 21 companies to explore new areas of economic collaboration, technology exchange and joint ventures. 

Mauritius has signed investment protection agreement with 44 countries and double taxation avoidance agreement with 21 African countries.

“It has preferential market access to 70 per cent of the world consumer market as it has signed trade agreements with Africa, USA, European Union, China, UK, Turkey and other countries,” he said. 

As per the trade overview between the two countries shared by Seewraj Nundlall, Counsellor (Investment & Trade), Consulate General of the Republic of Mauritius India is the second largest source of import, accounting for 10 per cent of the total import of Mauritius. 

“Mauritius' total exports to India grew from USD 16 million in 2010 to USD 56 million by 2022. Around 90 per cent of the over USD 70 billion Indian investment in Africa is routed through Mauritius,” said Nundlall.  (KNN Bureau)