In a bilateral meeting with Mr. Sayyad Abd-Al-Cader Sayed Hossen, Minister of Industry, Commerce and Consumer Protection, Mauritius, the Union Minister for Commerce, Industry & Textiles Shri Anand Sharma said that India and Mauritius have initiated steps towards setting up Mauritius-India Joint Business Council and a Joint Working Group (JWG) on trade and investment.
“The Joint Business Council will be a robust institutional mechanism for giving a boost to trade and investment ties by identifying the priority sectors and sectors of engagement. The JWG would further work out the modalities for broadening and deepening the economic engagement between the two countries,” said Shri Sharma to the Mauritian Minister.
Shri Sharma conveyed to Mr Sayed Hossen that India and Mauritius should conduct a Joint Commission Meeting at the earliest so as to chart out a thorough roadmap for future cooperative ventures between the two countries.
Shri Sharma also assured full support for the development of the textiles sector in Mauritius. He also expressed happiness that MoUs in the textiles sector have been signed between the two countries subsequent to his visit to Mauritius last month. Shri Sharma said that both the countries should look at the possibility of establishing Integrated Textile Park in Mauritius.
The Indian Minister asked the officials to give a concept paper on this within two weeks. The Mauritian Minister met Indian industry representatives through AEPC and CITI in a bid to attract Indian FDI into Mauritius in the textile sector. A Board of Investment delegate is traveling with the Minister to explain the fiscal and trade-related aspects to potential investors.
