Reporting Month and Year: July, 2012 1. Name of the Country ...
Reporting Month and Year: July, 2012 1. Name of the Country ...
Reporting Month and Year: July, 2012 1. Name of the Country ...
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Newspaper reports highlighted that <strong>the</strong> two Indian pharmaceutical companies based<br />
inMauritius Mascareignes Pharmaceutical Manufacturing (MPM) <strong>and</strong> Ajanta Pharma<br />
(Mauritius) Ltd are now targeting Africa, Asia <strong>and</strong> <strong>the</strong> regional countries as export<br />
destinations. MPM is investing US$ 12.5 million in <strong>the</strong> renovation <strong>of</strong> its factory. Ajanta, which<br />
is already supplying some 10 African countries, from its factories, is also planning to increase<br />
its exports, <strong>the</strong> article reported.<br />
13. Analysis <strong>of</strong> Investment opportunities in Mauritius.<br />
Foreign direct investment inflows rose by 15% in <strong>the</strong> first quarter <strong>of</strong> <strong>the</strong> year, driven by investment<br />
in real estate <strong>and</strong> construction.<br />
14. Status <strong>of</strong> trade <strong>and</strong> investment related issues taken up by <strong>the</strong> Mission with <strong>the</strong><br />
Government <strong>of</strong> Mauritius.<br />
The Mission has been taking up a trade complaint against a Mumbai-based company, M/s Kaydour<br />
Cables India Pvt. Ltd. by Plumbelec, a well established electrical engineer contractor in Mauritius<br />
through Indian Electrical <strong>and</strong> Electronics Manufacturers Association (IEEMA).The parties have<br />
reached an agreement for an amicable settlement <strong>of</strong> <strong>the</strong> dispute.<br />
15. Details <strong>and</strong> Result <strong>of</strong> meetings & interactions <strong>of</strong> <strong>the</strong> Mission with Trade, Industry &<br />
Economic Ministries / Department / Agencies in Mauritius.<br />
Ms Asha Burrenchobay, Permanent Secretary, Ministry <strong>of</strong> Industry, Commerce <strong>and</strong> Consumer<br />
Protection led a Mauritian delegation to India for <strong>the</strong> Joint Working Group (JWG) on Textiles on 23-24<br />
<strong>July</strong>. She also called on Mr S. R. Rao, Commerce Secretary, Indian Ministry <strong>of</strong> Commerce <strong>and</strong><br />
Industry to discuss, among o<strong>the</strong>r things, <strong>the</strong> basmati rice exports from India to Mauritius. Mr Rao<br />
suggested that a communique could be issued by both <strong>the</strong> sides/Governments stating that <strong>the</strong><br />
certification issued by <strong>the</strong> Export Inspection Council (EIC) is acceptable to Mauritius.<br />
16. Important policy changes by <strong>the</strong> Government <strong>of</strong> Mauritius, especially with respect to<br />
trade, investment, aid / credit facilities etc.<br />
The Central bank set up a US$762m credit line to help exporters refinance maturing loans. The<br />
measure will help shield <strong>the</strong> country's most vulnerable sectors—manufacturing <strong>and</strong> tourism—from<br />
weakening external dem<strong>and</strong>.<br />
17. Position <strong>of</strong> Mauritius on WTO related issues, <strong>and</strong> issues with respect to o<strong>the</strong>r important<br />
multilateral fora. Recent important changes in policy <strong>and</strong> <strong>the</strong> public opinion in <strong>the</strong>se<br />
areas.<br />
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