The Economic Development Board (EDB) of Mauritius will be conducting a financial services promotional campaign in India, notably in Mumbai, Ahmedabad – GIFT City, Coimbatore and Chennai in August.

The Minister of Financial Services and Good Governance, Hon. Soomilduth Bholah will lead the delegation comprising senior officials from his Ministry, the Financial Services Commission (FSC) and the Economic Development Board of Mauritius.

The ties between Mauritius and India are not merely confined to geographical proximity. They are deeply rooted in historical, cultural, and economic bonds that have withstood the test of time. Bilateral relations have constantly demonstrated commitment to fostering mutual respect, understanding, and cooperation.

India has been one of the largest trading partners of Mauritius since 2005. Trade between India and Mauritius has grown by 132% over the past 17 years. Mauritius and India signed the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) in 2021. To note that CECPA is the first trade agreement signed by India with an African country.

Mauritius remains the biggest source of cumulative FDI in India, accounting for an estimated 25% of total FDI into India during the period April 2000 to March 2024.

The core objectives of this mission are to:

  • further consolidate Mauritius as a platform of choice for investments into Africa
  • explore avenues of collaboration for the India-Africa Corridor
  • renew the confidence of the Indian investors’ community and to sustain the momentum following concrete interests and leads for Africa bound investments generated from a previous mission conducted in March 2024; and
  • re-assert the position of the Mauritius IFC as the preferred cross-border platform.

During the mission, the delegation will showcase the potential of Mauritius IFC offers as an investment hub to the Indian investing community. There will be networking sessions and one-to-one meetings with potential investors including law firms, fund and asset managers and wealth managers.

It is also expected that Hon. Minister Bholah will deliver a keynote address at the Elektrotec 2024, one of the largest industrial electronics sector trade events in Coimbatore, India.

In addition, the EDB will make a presentation on the various business offerings of the jurisdiction and encourage the audience to consider Mauritius as the preferred trade and investment conduit for Africa and the globe. Media events have been scheduled to further showcase Mauritius as a jurisdiction of certainty, predictability and substance.

Explore the unique attributes and characteristics of Mauritius as a tax-efficient offshore finance hub and investment destination for financial services in the free whitepaper below.