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8 Feb 2023 • Business Facilitation • Financial Services

Financial Services Promotional Campaign to India

Minister of Financial Services and Good Governance of Mauritius visits India

Port Louis, 7 February 2023: The Minister of Financial Services and Good Governance of Mauritius, Honourable Mahen Kumar Seeruttun, is currently on a visit to India from 6-13 February 2023. Accompanied by a high-level delegation comprising senior officials of the Government and Private Sector operators, the aim of the mission is to boost bilateral economic and financial ties between the two countries. During this visit, the Minister will have meetings with senior members of the Indian government and other government officials as well as business representatives in the financial services sector.

The delegation is also hosting sessions in Mumbai, Bangalore and New Delhi around the theme “India and Mauritius Partnership- Bridging Asia and Africa”, which promotes investment and trade in services between the two countries and consolidates the Mauritius IFC as a key investment platform and introducing the new services of the Mauritius IFC such as the VCC+ and the Virtual Asset & Initial Token Offering Services.

Hon. Minister will meet with various financial services organisations in Bangalore and Delhi, including high-level government officials, to discuss future collaboration between Gift City and Mauritius IFC. Speaking on the first session in Mumbai, he said, “Our mission in India, today, is totally in sync with the philosophy and essence of Prime Minister, Shri Narendra Modi ji’s ‘Amrit Kaal’ vision. We have noted that much emphasis is being placed on the ease of doing business and capacity building. Mauritius is doing its part in being a partner in fulfilling India’s objective of becoming a five trillion-dollar economy. This also comes with its own set of responsibilities. We have credentials endorsed by the world’s biggest economic, regulatory frameworks such as the FATF, OECD, and the EU, as well as strong bilateral agreements with Indian regulatory bodies.”

The Government of Mauritius has been increasing its efforts to promote investment partnerships between India and Mauritius. The delegation comprising the Permanent Secretary of the Ministry of Financial Services and Good Governance, Mr Sarwansingh Purmessur, Chief Executive of The Financial Services Commission Mr Dhanesswurnath Thakoor, The Director of Financial Services and Africa Regional Office, Mr. Vinay Guddye and senior business community representatives, will interact with decision-makers, financial and legal advisors, and wealth managers. The delegates also look forward to connecting with Indian investors to re-assert the Mauritius IFC as a trusted, reliable, and financial platform.

About EDB:

The Economic Development Board is the national investment & trade promotion agency of the Government of Mauritius which operates under the purview of the Ministry of Finance, Economic Planning and Development. It is the first point of contact for investors exploring business opportunities in Mauritius and the region.

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