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Industry: Some of the Major Outcomes of Indian Minister Anand Sharma’s Visit

Industry: Some of the Major Outcomes of Indian Minister Anand Sharma’s Visit
africamoney
  • On January 15, 2013
  • http://africamoney.info

January 15, 2013: The Minister of Commerce, Industry and Textiles of the Republic of India, Mr. Anand Sharma and his delegation was in Mauritius last week. Several outcomes have been noted following this visit. In the industry sector, both governments agreed to a form of skill enhancement collaboration with the Northern India Textiles Research Association (NITRA). The development of creative industries collaboration with Clothing Manufacturers Association of India (CMAI) as well as collaboration on Compliance Standards and productivity enhancement requirements with Apparel Export Promotion Council (AEPC), and with Cotton Corporation of India on Cotton exports and Texprocil on yarn exports, were also sought.

The Government of India will pursue discussions with AEPC and NITRA to enable Mauritius collaboration in compliance standards, skill enhancement and productivity enhancement measures. In the next 12 months, AEPC will enable Enterprise Mauritius develop a program on compliance on lines of Driving Industry for Sustainable Human Advancement. NITRA will enable setting up of a major Skill Development and Productivity Enhancement program on the lines of India’s Integrated Skill Development Scheme.

India has also committed itself to develop collaboration between CMAI, Cotton Corporation of India and Texprocil with the Mauritius counterparts so that Mauritius Textiles Industry can benefit from an assured supply of cotton, cotton yarn and develop creative industries. Both the Indian and the Mauritian sides have agreed to work towards re-dynamising the Mauritius India Business Council.

Moreover, Minister Anand Sharma emphasised during that Indian investors will be encouraged and supported to take advantage of the last budgetary measure whereby firms manufacturing up to 80% of their turnover for the African market will benefit from Freeport Status (Exemption of Corporate Tax, over and above the current incentives provided by the Freeport Act). This will contribute to the implementation of Government’s initiative in developing a new Africa Strategy.

Furthermore, the Indian side agreed to expedite matters for the issuing of letters of authenticity by the Export Inspection Council of India to Indian traders exporting Basmati Rice to Mauritius. To this effect, a Memorandum of Understanding will soon be signed between the Mauritius Standards Bureau and the Export Inspection Council of India.

The Indian side has expressed the interest of Mangalore Refinery & Petroleum Limited to participate in the setting up of a petroleum terminal in Mauritius to significantly increase our storage capacity and position Mauritius as a petroleum hub in the region.

Source: Government of Mauritius

www.gov.mu

Photo credit: Ciel Textiles

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