{"id":10478,"date":"2024-03-14T07:40:19","date_gmt":"2024-03-14T07:40:19","guid":{"rendered":"https:\/\/gbc1.net\/?p=10478"},"modified":"2025-01-08T06:58:21","modified_gmt":"2025-01-08T02:58:21","slug":"90-of-indias-fdi-into-africa-utilizes-mauritius-as-springboard","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2024\/03\/14\/90-of-indias-fdi-into-africa-utilizes-mauritius-as-springboard\/","title":{"rendered":"90% of India’s FDI into Africa Utilizes Mauritius as Springboard"},"content":{"rendered":"\n


From 14 to 23 March 2024, the Economic Development Board of Mauritius (EDBmu<\/a>) will conduct a roadshow in India to promote economic cooperation. The itinerary includes New Delhi, Chennai, Hyderabad and Mumbai.

The mission will explore the strengthening of partnership in the areas of #EdTech<\/a>, #FinTech<\/a>, #eHealth<\/a>, #RenewableEnergy<\/a>, amongst others. In order to render it compliant the OECD<\/a> Base Erosion and Profit Sharing (#BEPS<\/a>) minimum standards, the Double Tax Avoidance Treaty (#DTAT<\/a>) between Mauritius and India was also amended.<\/p>\n\n\n

\n
\"High-Level
High-Level Working Session between Mauritius and India<\/figcaption><\/figure><\/div>\n\n\n

During the state visit by Indian President Droupadi Murmu in Mauritius from 11 to 13 March 2024, an MOU between the Financial Services Commission (FSCmu<\/a>) of Mauritius and the Gujerat International Finance Tec-City (GIFT City<\/a>) was signed.

Additionally, another MOU between the Independent Commission Against Corruption (ICACmu<\/a>) of Mauritius and Central Bureau of Investigation (CBI<\/a>) of India was inked in order to reinforce the fight on #AMLCFT<\/a>.<\/p>\n\n\n

\n
\"Indian
Indian President Murmu Symbolically Remits a RuPay Card to Mauritian PM Jugnauth<\/figcaption><\/figure><\/div>\n\n\n

Mauritius and India have enabled the international payment gateway to facilitate cross-border transactions and #DigitalPayments<\/a> via the #RuPay<\/a> service and #Vostro<\/a> account.<\/p>\n\n\n\n

Currently, Mauritius is the only African state enjoying a Free Trade Agreement (#FTA<\/a>) with India — in the form of the Comprehensive Economic Cooperation and Partnership Agreement (#CECPA<\/a>) — with the stated objective to boost bilateral trade and investment.

During the state banquet in honor of Indian President Murmu, Mauritian PM Pravind Jugnauth underscored that 90% of India’s #ODI<\/a> into Africa is routed and structured via the Mauritius International Financial Centre (#IFC<\/a>). From the other way round, up to 40% of #FDI<\/a> into India is also structured via Mauritius thanks to the #DTAT<\/a>. The Mauritius IFC<\/a> thus plays a critical role to promote investment both in and out of India.<\/p>\n","protected":false},"excerpt":{"rendered":"

From 14 to 23 March 2024, the Economic Development Board of Mauritius (EDBmu) will conduct a roadshow in India to<\/p>\n","protected":false},"author":1,"featured_media":10482,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[249],"tags":[177,496,262,497,384,104,594,38,101,22,37,322,274,482,359],"yoast_head":"\n90% of India's FDI 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