Mauritian Prime Minister Invites Indian Investment for Economic Development
Mauritian Prime Minister Navinchandra Ramgoolam called for Indian investment, asserting its importance for economic growth. He acknowledged the Indian diaspora’s contributions and outlined economic reforms to enhance business operations. Concurrently, Modi was awarded a prestigious honour, reinforcing India-Mauritius relations and their collaborative efforts in development.
On March 11, 2025, Mauritian Prime Minister Navinchandra Ramgoolam urged Indian investors to explore opportunities in Mauritius, emphasizing their “vital” role in driving the nation’s economic growth. During a community event with Indian Prime Minister Narendra Modi, he highlighted the significant contributions of the Indian diaspora in key sectors including construction, tourism, healthcare, hospitality, and financial services.
Acknowledging India’s global diaspora of approximately 35 million, Ramgoolam invited further investments, stating, “Your participation is vital for the economic growth of Mauritius. When you come here, you enrich our country as well.” He expressed a desire to encourage more foreign investors from India to invest in Mauritius.
Ramgoolam outlined ongoing economic reforms aimed at transforming Mauritius into a business-friendly environment while committing to reduce bureaucracy. He asserted, “We are looking forward to making businesses easier to do, less bureaucracy, less red tape.” A significant initiative includes establishing an arbitration center to expedite commercial dispute resolutions, aimed at lowering costs for investors.
In addition, the Prime Minister emphasized the importance of international expertise, stating, “We are looking forward to the judges from abroad… I’m sure from India also we can get because we want to raise the standards.” This approach indicates a commitment to enhancing Mauritius’ judicial and business environment through collaborative efforts.
The investment initiative coincided with the conferment of Mauritius’ highest civilian honour, the Grand Commander of the Order of the Star and Key of the Indian Ocean, to Prime Minister Narendra Modi during his two-day State visit. Modi became the first Indian and fifth global recipient of this accolade, acknowledging his contributions to strengthening India-Mauritius relations.
Expressing his gratitude, Modi acknowledged the deep historical and cultural ties and reiterated India’s dedication to strengthening cooperation. He affirmed Mauritius as a strategic partner in the Indian Ocean, reflecting on collaborative efforts in infrastructure, education, and capacity-building initiatives. Modi remarked, “This is not just an honour for me, it is an honour for the historic bond between India and Mauritius.”
In conclusion, Prime Minister Navinchandra Ramgoolam’s appeal for Indian investment highlights the essential role of the Indian diaspora in Mauritius’ economic growth. By implementing reforms to facilitate business operations and enhancing judicial cooperation, Mauritius aims to position itself as an attractive destination for foreign investment. The honour conferred upon Prime Minister Modi further solidifies the diplomatic ties between India and Mauritius, emphasizing their collaborative efforts in the region.
Original Source: indianexpress.com
