H.E. Dr. Navinchandra Ramgoolam, the Prime Minister of the Republic of Mauritius was in India along with a business delegation consisting of Ministers, Govt. officers and business leaders. SKP group was privileged to be represented at two important business meetings organised by FICCI, CII & Assocham which are the leading industry and trade bodies of India.
This news alert brings out the highlights of the two meetings. We hope you find the same to be of interest.
The first business meeting at New Delhi was held on 8th February at Hotel Oberoi. The meeting was also graced by Mr. Anand Sharma, Minister of Commerce, Industry and Textiles, Govt. of India. The second business meeting at Mumbai was held on 9th February at Taj Palace Hotel. The other persons present at the meetings were Hon. Cader Sayed Hossen, Minister of Industry, Commerce and Consumer Protection of Mauritius, Mr. Maurice Lam, Chairman, Board of Investments, Mauritius & Mr. Ken Poonoosamy, Managing Director, Board of Investments, Mauritius, Mr. Cedric Doger de Speville, President, Mauritius Chamber of Commerce & Industry, Mr. Louis Rivalland, President, Joint Economic Council & Group CEO, Swan Insurance, Mr. Jignesh Shah, Chairman, CII National Committee on Commodities Markets & Chairman and Group CEO, Financial Technologies Ltd., Mr. Joseph Massey, MD & CEO, MCS Stock Exchange, Mr. V.B. Soni, Senior Member, Assocham, Mr. R.S. Butola, Chairman, Indian Oil Corporation Ltd., Mr Rashesh Shah, Chairman, FICCI – Maharashtra State Council & Chairman, Edelweiss Group.
At both meetings, H.E. Dr. Ramgoolam reiterated the Mauritian Government’s strong resolve to set at rest any doubt that anyone would have about the fact that the Govt. was more than willing to help in curbing misuse of the tax treaty between India and Mauritius. Time and again, it was mentioned that Mauritius was determined to assist the Indian Govt. in preventing Round Tripping and also routing dirty money into the Indian stock markets via Mauritius. The Prime Minister’s delegation laid strong emphasis on the three reasons why investors should come to Mauritius – Credibility, Security and Simplicity. It was pointed out that Mauritius enjoyed political stability and the fact each of its four Prime Ministers have faced electoral defeat sometime or the other highlighted the robustness of the democratic process in that country. He also referred to his meetings with the Indian Prime Minister H.E. Dr Manmohan Singh and the Finance Minister Mr. Pranab Mukherjee.
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