ID :
178608
Thu, 04/28/2011 - 13:56
Auther :

Prez for "reinvigorating" India-Mauritius economic relations

Sumir Kaul
Port Louis, Apr 28 (PTI) President Pratibha Patil
Thursday stressed the need for "reinvigorating"
India-Mauritius bilateral cooperation in economic and
commercial areas to explore the large untapped potential.
"While political relations between India and Mauritius
are close, our bilateral cooperation in the economic and
commercial areas needs to be further reinvigorated, given the
large untapped potential," she said addressing a meeting of
the India-Mauritius Business Forum here.
Patil said the governments of India and Mauritius have
been keenly interested in providing for an environment which
was conducive for business.
"The framework in this regard exists through the many
agreements signed over the years. Both countries are also
committed to continue to work together, to create a business
environment for greater trade and investment flows," she said.
The President said the need for a level playing field
becomes significant to address other attendant pre-requisites
which would encourage businesses to consider opportunities to
invest.
Patil said the Indian business delegation, present here
should, along with Mauritian businesses, explore business
opportunities and seek to establish business contacts with
commercial and industrial houses.
"I encourage greater and more frequent exchange of ideas
and interaction between Chambers and business leaders of the
two countries. This can be the only way to move ahead, to
ensure that we understand and appreciate each other, in
surmounting the challenges and take advantage of the
opportunities."
The President said she was confident that an accelerated
development of economic and commercial ties would become the
principal component of the India-Mauritius strategic
partnership in the 21st Century.
"This will not only develop and strengthen the strong and
enduring areas of partnership, but will also enhance and
promote the socio-economic advancement of our peoples," she
said.

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