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AfricaMoney | November 5, 2016

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Offshore operators worried over recent revisions in Mauritius-India tax treaty

July 11, 2015 | In a recent visit to India, Mauritius' minister of good governance, Roshi Bhadain, renegotiated the tax treaty between Mauritius and India, under which the capital gain tax in Article 13 was amended, and this revision is creating swirls of discontent among offshore operators in Mauritius.(Im...
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India-Mauritius tax treaty negotiations to take place on June 29

June 19, 2015 | Negotiations on the India-Mauritius Double Tax Avoidance Agreement are set to take place on June 29 when Finance Minister Vishnu Lutchmeenaraidoo will submit a new protocol on issues related to capital gains with respect to DTAA.( The General Anti-Avoidance ...
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WTO warns FDI flows into India through Mauritius may drop upon tax treaty concerns

June 4, 2015 | The WTO trade review policy shows that Mauritius accounts for around 40% of total FDI inflows in India as,forIndia-bound investments, companies from the subcontinent appear to be taking full advantage of Mauritiusoffshore financial facilities to attract f...
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Telco: India’s Bharti Enterprises acquires 25% stake in Mauritius’ Emtel

May 5, 2015 | Indian telecommunications major Bharti Enterprises is bringing its expertise and experience to Mauritius through its investment in Mauritian telecommunications major Emtel Ltd upon an agreement entered by Currimjee Jeewanjee & Company Ltd.( ) India's leadin...
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Mauritius tourist arrivals up 10.6% year-on-year over Jan-Mar 2015 to hit 291329

April 13, 2015 | From January to March 2015, France, Reunion, UK, China and South Africa maintained their places in the top 5, in the given order, with 76149, 40113, 25957, 22498 and 20665 tourists respectively. (Image : Mauritius welcomed 291,329 tourists over the perio...
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Unnati Negi takes over as Fortis Clinique Darné COO from Dr Simardeep Singh Gill

April 10, 2015 | The new COO has stated her primary agenda as strengthening the mission of the establishment to offer patient-centric health services that place emphasis on highly specialised treatment so that the patients can benefit from it without having to travel out of the island economy. (Image: Advant...
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Mauritius promises ‘full cooperation’ with Indian authorities on tax treaty issues

March 26, 2015 | Despite several rounds of official talks between the two sides about changes in the India-Mauritius Double Taxation Avoidance Agreement (DTAA), the discussions have been hanging fire for a long time, but appear to be on track now, with commitments on both sides at the highest levels to bring...
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CIEL’s Aquarelle set to invest INR 1 bn to expand manufacturing operations in India

March 24, 2015 | The company currently has the capacity to produce 3.5 million shirts per year and plans to double capacity within two years. (Image: Aquarelle, which is a part of Mauritius’ leading conglomerate, the CIEL group, is planning to invest INR 1 billion (or MUR 587.83 m...
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Mauritius beats Singapore as largest FDI source for India at $7.66 bn over Apr-Jan

March 19, 2015 | Last fiscal (Apr'13-Mar'14), Singapore had overtaken Mauritius as the largest source of FDI in India, sending FDI equity inflow of INR 35.6 billion (USD 5.9 billion) to India, while Mauritius routed investment of INR 29.6 billion (USD 4.8 billion) to India, but currently Mauritius has regain...
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Mauritius: India sanctions USD 500 million credit & agrees to close out tax treaty soon

March 13, 2015 | Indian Prime Minister Narendra Modi (foreground, left), walks with Mauritius Prime Minister Sir Aneerod Jugnauth (foreground, centre) and Mauritius President Kailash Purryag (foreground, extreme right) on the occasion of Mauritius' 47th Independence Day on 12 March 2015 (Image: Narendra Mod...
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Mauritius tourist arrivals up 11.1% to 194734 for the year till February 2015

March 11, 2015 | As many as 194,734 tourists visited Mauritius over January and February 2015, which represents a robust rise of 11.1% over 2014, on the back of 113,333 arrivals from the European market, or 58.2% of total tourist arrivals to the island. (Image: Mauritius Attractions) Mauritius w...
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Indian PM Narendra Modi to serve as chief guest on Mauritius’ National Day

March 10, 2015 | The Indian Prime Minister is undertaking a tri-nation visit starting today, March 10 to this Saturday, March 14, and Seychelles will be on the first leg of his tour, followed by Mauritius and Sri Lanka. (Image: Narendra Modi FB) The Prime Minister of India, Narendra Modi has been...
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Mauritius to sign two agreements with India on transportation & ocean economy

March 4, 2015 | The first Memorandum of Understanding (MoU) pertains to the improvement of sea and air transportation facilities at Agalega and the second relates to cooperation in the field of ocean economy. (Image: Asia Net India)   Mauritius and India are building further on their historica...
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Mauritius sees tourist arrivals up 7.6% in January 2015 as Europe resurges

February 11, 2015 | Tourist arrivals from Europe maintained their dominant position with an 11.9% rise in January 2015 to 56,563 footfalls (Image: Blogspot) Mauritius has witnessed an increase of 7.6% in tourists arrivals to its shores in January 2015, compared to the year-ago period. In absolute te...
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Mauritius’ ocean economy gets leg-up as India to explore minerals off island coast

February 9, 2015 | The current project will be implemented in three continuous phases once the Government of India signs the 15-year contract with the ISA within a year. (Image: Mauritius Holiday Villas) Mauritius’ thrust on an ocean economy already appears to be paying off as India is poised to...
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Mauritius seeks India’s help to construct mobile bridges for disaster management

February 5, 2015 | The Mauritian environment minister (L) has requested his Indian counterpart Prakash Javadekar to impart technical expertise for the construction of mobile bridges and also the training of engineers to fix and maintain them. (Image: Twitter) Mauritius Environment Minister Jayeshwu...
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Global businesses in Mauritius opt for arbitration to comply with tax treaty norms

January 28, 2015 | The FSC has directed its attention towards several foreign companies routing investments to India through Mauritius that have opted for arbitration in the island country to satisfy the "substance" requirement and obtain Tax Residency Certificates (TRC). (Image: US Legal) The Fina...
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Mauritius sees trade deficit narrow to Rs 7.4 billion in November 2014

January 27, 2015 | Statistics Mauritius noted that, compared to November 2013, exports climbed 10% to Rs 8.16 billion while imports into Mauritius rose by a mere 0.7% to Rs 15.6 billion. (Image: Wikimedia) Mauritius trade deficit declined to Rs 7.43 billion in November 2014, improving by 7.8% comp...
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Mauritius hosts a million visitors for the first time in island hospitality history

January 26, 2015 | Mauritius received 1,038,968 tourists in 2014, representing a 4.6% growth over the corresponding period in 2013 when a total of 993,106 tourists visited the island. (Image: Constance) It is a first for Mauritius tourism as the island economy has welcomed more than a million tour...
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Mauritius ICT & Innovation Minister sees ‘Second Economic Miracle’ by 2020

January 23, 2015 | Pravind Jugnauth congratulated NJ Global on choosing Mauritius as a sound investment platform and highlighted the deep economic relationship that binds India and Mauritius. (Image: ION News) NJ Global, the Mauritius-based subsidiary of Indian fund management specialist NJ India ...
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Mauritius maintains lead for FDI routed to India with 52.3% increase year-on-year

January 22, 2015 | Mauritius has far outstripped Singapore by routing USD 5.21 billion, approximately MUR 168.51 billion, into the Indian economy from April to November, 2014, compared to USD 3.75 billion (approximately MUR 121.3 billion) routed from the Asia Pacific island nation in the same period. (Image: ...
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India & Mauritius to sign MoU to enhance collaboration in the field of cooperatives

January 20, 2015 | Institutional and agricultural areas such as cooperative education, technical assistance in cooperatives and the dairy sector will be the main areas of concern in this MoU. (Image: The Hindu Business Line) The Ministry of Business, Enterprise and Cooperatives of Mauritius and the...
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Mauritius sees Indian tourist arrivals increase by 7% in 2014

January 19, 2015 | The combined strength of Indian tourists who visited Mauritius in 2014 comes to 61,200, according to the latest figures released by the Mauritius Tourism Promotion Authority. (Image: Mauritius has witnessed an an increase of nearly 7% in Indian tourist arrivals to...
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Indian PM meets Mauritian VPM at largest gathering of people of Indian origin

January 9, 2015 | The Indian Prime Minister Narendra Modi (R) met Mauritius Vice Prime minister Showkutally Soodhun (L) against the backdrop of the Pravasi Bharatiya Divas, which is the largest annual gathering of people of Indian origin. (Image: Indian Prime Minister Narendr...
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Indian External Affairs Minister meets Mauritius VPM Showkutally Soodhun

January 8, 2015 | This year’s edition of the Pravasi Bharatiya Divas (PBD), the largest annual gathering of people of Indian origin, had the honour of welcoming the President of Guyana, Donald Rabindranauth Ramotar, as the Chief Guest, succeeding the President of Mauritius, Rajkeswur Purryag. (Image: Times...
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Economic ExpertSpeak: Africa is the next business frontier & Mauritius the gateway

December 4, 2014 | AfricaMoney spoke to the dynamic Clensy Appavoo, founder of the Mauritius-based consulting major, the Appavoo group, on what makes Africa the next business frontier and how Mauritius is well placed to serve as a gateway to the emerging continent. (Image: Cecilia Samoisi)Read More

Mauritius takes the lead for foreign direct investments to India from Apr-Sept 2014

December 2, 2014 | However, Mauritius is slowly losing its lead, as Singapore plays catch up and garners an increasing share of Indian FDI flows, compared to its performance over the last decade and a half (April 2000 to September 2014). (Image: travelblog.agoda) ...
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Maritime security: Mauritius inks MUR 5.07 bn deal with India’s HAL for aircraft

December 1, 2014 | The Senior Chief Executive at the Prime Minister’s Office, Kan Oye Fong Weng-Poorun, and Managing Director of Hindustan Aeronautics Ltd , S. Subrahmanyan. (Image: HAL-India)Read More

Mauritius among first few countries to benefit from India’s e-visa facility

November 28, 2014 | The e-visa facility was rolled out by Rajnath Singh, Union Minister of Home Affairs for India (right), along with state minister for tourism and culture Mahesh Sharma, yesterday, November 27, 2014 at the ITDC-managed Hotel Ashoka in Delhi. (Image: The Hindu) Mauritius is among t...
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SBM & Global Rainbow Foundation join hands for Jaipur Foot Camp in Mauritius

November 20, 2014 | A major improvement in this 3rd edition of the Jaipur Foot Camp in Mauritius is that it includes a rehabilitation team led by Dr Y. Gopalla, who uses one of the latest techniques in this field, the best-in-class ‘US Department of Veteran Affairs/ Department of Defence’ techni...
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