Mauritius says India top-priority partner for funds flow

Mauritius said it had high regard for India and the country was its ‘top-priority’ partner, when it comes to channelising the flow of global investments, but wanted its competitiveness to remain intact in terms of tax treaties.

The island nation accounts for more than a one-third of foreign investments coming through foreign direct investment and foreign institutional investment routes.

Many global investors prefer to channelise their Indian investments through Mauritius due to the tax benefits coming out of the Double Taxation Avoidance Treaty between the two countries and favourable regulations in the island nation.

“The foreign investors select Mauritius for routing their Indian investments because of the good relationship between the two countries and India as a top-priority partner in this regard,” Mauritius’ securities market regulator Financial Services Commission Chief Executive Officer Clairette Ah-Hen said. Ah-Hen was on a visit to India, with the country’s financial services industry body, Global Finance Mauritius CEO Nikhil Treebhoohun, and Mauritius’ Board of Investment’s Assistant Director Harvesh Seegolam.