Business updates

The MCCI has signed an MoU with the Moscow Chamber of Commerce and Industry and with Lipetsk Chamber of Commerce and Industry in view of consolidating the private sector relations between the two countries. Through the MoUs, both institutions and MCCI agree to cooperate to promote trade and investment to further facilitate the consolidation of future ventures between the private sector of both countries. It is to be recalled that the MCCI has signed an MoU with the Chamber of Commerce and Industry of the Russian Federation, in 2007.

The ceremony was held on Wednesday 21st November 2018 in Ébene in the presence of the Acting-President of the Republic of Mauritius, HE Paramasivum Pillay Vyapoory, during a cocktail organised in the honour of the Russian business delegation led by Mr. Denis Karmalskiy, First Secretary of the Russian Federation to the Republic of Mauritius. 

Mr. Marday Venkatasamy, President of the MCCI and signatory during the event, highlighted that there are numerous business scopes that need to be explored by the business communities of both Russia and Mauritius and expressed the wish that through these MoUs, business collaboration between the operators can be strengthened.

He also underlined the roles of Chambers of Commerce and Industry in the support and promotion of business in a country and stated that he is confident that both Moscow and Lipetsk Chambers of Commerce and Industry and the MCCI will work in close collaboration to enhance and consolidate the trade and investment cooperation between Russia and Mauritius.

During their visit to Mauritius, two Memoranda of Understanding between the Economic Development Board (EDB) and the Moscow Chamber of Commerce and Industry and the Lipetsk Chamber of Commerce and Industry, were also signed.  Under the agreements, the two sides will establish institutional collaboration to boost economic exchanges.