LMA holds discussion on Business Opportunities in Mauritius
Author(s): City Air NewsLudhiana Management Association (LMA), on Monday late evening, organising lecture-cum-discussion on “Business Opportunities in Mauritius, Why it is good to do business in Mauritius: Free Access to 500 Million People...
Ludhiana, June 28, 2016: Ludhiana Management Association (LMA), on Monday late evening, organised lecture-cum-discussion on “Business Opportunities in Mauritius, Why it is good to do business in Mauritius: Free Access to 500 Million People of Africa” at a local hotel.
H.E Mr J Goburdhan, High Commissioner of Mauritius to India, Mr S. Nundlall, Director, Board of Investment, Mauritius, Mr S.K Chadda, Former Senior Adviser to Union Minister of Heavy Industry: Chief Strategic advisor Indian Mauritius Trade and culture friendship forum were the key speakers on the occasion. Dr.K.N.S.Kang, President Ludhiana Management Association, Ms. Parmajit Kaur, General Secretary, LMA, Business professional, Entrepreneurs and members of association were also present on the occasion.
H.E Mr. J Goburdhan, High Commissioner of Mauritius to India highly acknowledged the cultural heritage of India and Mauritius and advocate that Indian are doing wonderful job in running Mauritius and encouraged more and more people, business movement across borders for better understanding of each other culture and heritage.
Mr. Nundlall while addressing the audience said that Mauritius provide great opportunity for Indian business houses to make investment in different sectors and in return get an access to 500 million people base of Africa. He highlighted that sugar, Tourism, manufacturing, Agro business, ICT BPO, Logistics; Financial Services are some of the sunrise sector in Mauritius where Indian can make investments.
He further added that Government of Mauritius has provide very friendly, hassle free and highly competitive environment for companies to start their own business, benefits such as starting a business in 3 days, no minimum capital requirement, 100 % foreign ownership, homogenized 15% Corporate tax, personal income Tax up to 15%, no Capital gain tax, free movement of Capital etc are such policy decisions which makes Mauritius investment heaven in world.
Dr.K.N.S.Kang, President, Ludhiana Management Association while giving his presidential remarks said that Africa provides great opportunity for business houses to make investments in Africa. He said that Europe is gone; china is going to fade away in next 5 to 7 years and after that India and Africa are going to be major markets to drive world economy.