Business updates

Mauritius participates in B20 India 2023 summit, the business segment of the G20 discussions.

As a special guest of the G20, Mauritius has been invited by India to partake in this high-level gathering.

Under the theme "R.A.I.S.E: Responsible, Accelerated, Innovative, Sustainable & Equitable Businesses," this summit is set to take place from 25 to 27 August in New Delhi, India.

A diverse delegation from Mauritius, including, Mrs Namita Jagarnath Hardowar, President of the MCCI, as well as Mr Azim Currimjee, President of the Mauritius-India Joint Business Council (JBC) and Dr Drishtysingh Ramdenee, Secretary General of the MCCI, will be attending the B20.

Representatives of Business Mauritius, the Economic Development Board of Mauritius (EDB), the MEXA, and businesses spanning various sectors such as finance and manufacturing, will also journey to India to engage in this pivotal summit.

The stimulating daily discussion forums will provide a unique platform for participants to interact with global thought leaders, exchange perspectives, and expand their professional network.

The Confederation of Indian Industry (CII), which has been entrusted with the B20 secretariat, has historical ties with the MCCI.

Indeed, the MCCI and the CII are part of the Mauritius-India JBC, which has a mandate the promotion of trade, commerce and investment between the two countries.

Consequently, thanks to the strong linkages between the MCCI and the CII, Mauritius has been offered a slot as panellist under the theme “African Economic Integration: An Agenda for Global Business”, on Friday 25 August.

Mr Azim Currimjee, President of the Mauritius-India JBC will be intervening on behalf of Mauritius, via a presentation aiming at showcasing Mauritius as an attractive business and investment hub in the region.

This initiative will also spotlight Mauritius' strategic position as a bridge between Africa and Asia, bolstered by its involvement in crucial free trade agreements such as CECPA, the China-Mauritius Free Trade Agreement, and the African Continental Free Trade Area (AfCFTA).

Mauritius' active participation in the B20 Summit is a significant opportunity to promote the country on the international stage and discuss innovative and responsible business practices that will shape the future of corporate governance.

The Mauritius-India JBC with the CII, operates under MCCI's aegis since 1995, has played a pivotal role in strengthening economic ties between the two nations.

Through fruitful discussions and historical collaborations, the Council has paved the way for Mauritius' participation in this high-level meeting.

To read more about the B20 India 2023 Summit, please click here.


Mauritius highlighted as a key business and investment hub 

25 Aug 2023



 

In a significant step towards consolidating the Mauritian economic landscape, Mr. Azim Currimjee, President of the Mauritius-India Joint Business Council (JBC) which operates under the aegis of the Mauritius Chamber of Commerce and Industry (MCCI took stage at the B20 India 2023 Summit on behalf of the Mauritius private sector. His engagement in the panel discussion titled "African Economic Integration: An Agenda for Global Business" emphasized Mauritius's key role as a hub for business and investment, particularly between Africa and India.

Mr. Currimjee emphasized Mauritius's strategic position as a bridge linking Africa, Asia, and the Middle East, enhancing its potential to facilitate cross-continental trade and cooperation. He highlighted Mauritius's status as a destination of stability and innovation, with its investor-friendly legal framework and top-ranking political and economic stability.

The president of the Mauritius-India JBC elaborated on Mauritius's robust financial sector, characterized by stringent regulations and adherence to global standards. This financial integrity has been further underlined by Mauritius's extensive network of investment promotion and protection agreements, ensuring an environment conducive to international investment.

Contributing to the country's appeal is its multicultural workforce, proficient in both English and French, making Mauritius an attractive destination for businesses seeking a diverse talent pool. The nation's modern infrastructure, including a well-connected airport and efficient seaport facilities, also cements its position as an accessible hub for global commerce.

Mr. Currimjee underscored Mauritius's commitment to African regional integration through strategic partnerships, especially through Free Trade Agreements with India and China. The nation's initiatives, such as Special Economic Zones, contribute to its dedication to propel trade and investment into Africa.

Mr. Currimjee's intervention at the B20 India 2023 Summit not only shed light on Mauritius's focal position in fostering economic ties but also demonstrated its commitment to forging meaningful collaborations and partnerships that transcend borders.

Of note, Mr Azim Currimjee formed part of a delegation of the Mauritian private sector, comprising Mrs Namita Jagarnath Hardowar and Dr Drishtysingh Ramdenee, President and Secretary-General of the MCCI respectively, as well as representatives of Business Mauritius, the MEXA, and other members of the business community.