Diplomatic relation between India and Mauritius were established in 1948. Mauritius maintained contacts with india through successive Dutch , French and British occupation.

From 1820s indian workers started coming to Mauritius to work on sugar plantations. From 1834 when slavery was abolished by British parliament, large number of Indian workers began to be brought to be Mauritius as indentured labourers. November 2, 1834 marks the day when the ship 'Atlas' docked in Mauritius carrying the first batch of indian Indentured labourers .this day is now observed in Mauritius as 'Aapravasi day'. In all about half of millonindian indentured labourers are estimated to have been brought into Mauritius between 1834 and the early decades of the 20thcentury , out of whom about two-thirds settled permanently in Mauritius.

A brief stopover by Mahatma Gandhi en route to India from South Africa (October 29to November 15, 1901) while awaiting departure of his ship SS Nowshera, is still etched in the consciousness of Mauritius. Barrister Manilal Doctor who came to Mauritius in 1907,on the suggestion of Gandhi ji helped the Mauritian Indian community to organize themselves and laid the foundation of their struggle for political and social sights. As a tribute to Gandhiji and the Indian freedom struggle, the national day of Mauritius is celebrated on March 12 (the date of launch Dandi Salt March)

Political Reasons

Following Mauritius independence on March 12, 1968 the first prime minister and the father of Mauritius nation Sir SeewoosagurRamgoolam accorded centrality to india in Mauritius foreign policy. Subsequently successive Mauritian leaders ensured that India occupies a position of significance and important in foreign policy orientation and activities of Mauritius.

India and Mauritius have signed a wide range of bilateral agreements and MoUs.Some of them are the double taxation Avoidance Convention (DTAC-1982) Bilateral investment Promotion and protection Agreement(BIPA 1998) ,Mou on Air Service (2005), Agreement on cooperation in information and technology (2000), Mou on cooperation in Biotechnology (2002), Extradition Treaty (2003), MoUon cooperation against Terrorism(2005), MoU on cooperation in the field of Environment (2005),Mutual Legal Assistant Treaty in criminal matters (2005), Agreement on the Transfer of sentenced Person (2005), MoU for Cooperation in the field of Hydrography(2005), MoU for cooperation on consumer protection and legal Metrology (2005), MoU concerning cooperation in the Exchange of Finance Intelligence related to money Laundering & Finance of terrorism (2008)protocol on the sale of navigational charts ; Agreement on cooperation for the establishment of telemetry , tracking and tele command station for satellite and launch vehicle for cooperation in the field of space research science and application; supply contract for the Coastral radar surveillance system(2009) Agreement of early warning of coastal Hazards (2010), MoU on science and technology cooperation(2012), , MoU on sports and youth affairs (2012), Educational exchange programme(2012), MoU on texttiles(2012), MoU between RGSC trust fund and NCSM for setting up a hybrid planetarium (2012), MoU on cooperation in Election management and administration (2013), MoU on cooperation in MSME sector(2013) MoU on cooperation in communication and broadcasting between Mauritius broadcasting corporation and prasarBharti (2014), MoU on cooperation in Ocean Economy (2015), and MoU in the field of traditional system of medicine (2015) . In addition Cultural Exchange programmes have been regularly conclude since 1971.

Commercial Relation

India is Mauritius largest trading partner and has been largest exporters of goods and services of Mauritius since 2007. In FY 2014-2015 india exported goods worth US$1.9 billion to Mauritius and imported goods worth US$21.19 million from Mauritius. India exports to Mauritius comprise largely of petroleum products. A three year agreement between the Mangalore refinery and petrochemical ltd.(MRPL)and the state trading cooperation of Mauritius for supply of all petroleum requirements of Mauritius was renewed in July 2013. Besides petroleum products main item of India exports to Mauritius are pharmaceuticals, cereals, cotton electrical machinery , apparel and clothing accessories. Main items of Mauritius exports to india are iron and steel pearls, precious/ semi precious stones and opticalphotography and precision instrument.

Cumulative FDI equity inflows fromMauritius to India during the period of April 2000-March 2015 amounted to USD 87.55 billion (35% of total fdi inflows over this period) thanks largely due to double taxation Avoidance convention . Mauritius was the single largest source of FDI into India during the financial year 2014-15 with FDI equity inflow amounting to USD 9.03 billion -29% of total inflow in 2014-15.

Eight Indian public sector Enterprises are currently functioning in Mauritius. The Bank of Baroda(BOB) , Life Insurance Corporation(LIC), and new India Assurance Corporation (NIAC) were the first to establish operations, followed by other PSUs including India Handloom House, Telecommunication consultants india ltd(TCIL) ,Indian Oil(Mauritius) ltd(IOML), Mahanagar Telephone (Mauritius) Ltd. And State Bank of India(Mauritius )Limited. Besides their core activities, the PSUs have also contributed to various activities in Mauritius under the cooperate Social Responsibility (CSR) Schemes. Some high – visibility Indian –assisted projects in Mauritius include the Mahatma Gandhi Institute, the Upadhyay Training center, the Jawaharlal Nehru Hospital, the SubramaniaBharatiEye Center, the Rajiv Gandhi Science Center and Rabindranath Tagore Institute. Prestigious symbol of recent indian Assistance include the Cyber Tower at Ebene and tha Swami Vivekananda International Conference Center(SVICC).

The offshore petrol vessel Barracuda, built by an Indian shipyard under a Gol line of credit, was commissioned into the Mauritian National Coast Guard during the visit of prime MinisterShriNarenderaModi in March 2015. India also provide extensive capacity building and training inputs to the Mauritian armed forces, besides carrying out regular joint patrolling/ Surveillance exercises and in the Mauritian EEZ.India has also provides assistance in the setting up of Mauritius's National Hydrographic Unit. Over the past forty years, India had extended several line of credit to Mauritius to assist in the development of its infrastructure , human resource , skill development, capacity building , project appraisal , etc. In March 2015, a new line of credit of USD 500 million for civilian infrastructure project was announced by Prime Minister ShriNarendraModi during his visit to Mauritius.

To increase tourism inflow from India , Mauritian Government had introduced a visa-free regime for indian tourists in October 2004, wherein Indian tourists visiting Mauritius for a period up to 60days do not require a visa, provided they can show sufficient funds to cover their stay.

India-Africa Infinite Trade Opportunities

India's growing synergy with Africa is evident from the recent trends in trade. The total Trade was than $1 billion in 1990-1991 and has grown to $71 billion in 2014-15

The India Africa trade has grown significantly in the last decade. India has been exported to Africa products such as High speed diesel (HSD), Aviation Turbine Fuel(ATF), medicines and pharmaceutical products, vehicles including motor cars and motor-cycle, electrical machinery & equipment's , mineral chemical fertilizer ,other motor spirits, tires used on buses/ lorries printed books, polypropylene ( a polymer used in wide variety of a application including packaging , textiles etc.), garments, fabrics, household article of stainless steel and so on. On the other hand India generally has been imported petroleum oils & oils obtained from bituminous minerals, crude and other non- monetary unwrought forms of gold, coal, copper, ores & concentrates , manganese ore, cobalt ore, & concentrates natural calcium phosphates , ground and other different ores, slag and ash, nuts –fresh /dried in a shell , phosphoric acid, diamonds, unwrought silver, woods and article thereof , coffee, tea, mate, , spices and so on. As a result indian investment in Africa have multiplied and are currently pegged at around $ 35 billion dollar. The value of Africa's Trade with China was approximately $ 210billion in 2013while that with the United states was $85 billion. However recent decline in oil imports from the united states and sluggishness in the Chinese economy may push the Africans closer to India.

Diplomatic relations between India and Mauritius were established in 1948. Mauritius maintained contacts with India through successive Dutch, French and British occupation.

From 1820s, Indian workers started coming to Mauritius to work on sugar plantations. From 1834, when slavery was abolished by the British Parliament, large numbers of Indian workers began to be brought to Mauritius as indentured labourers. November 2, 1834 marks the day when the ship 'Atlas' docked in Mauritius carrying the first batch of Indian indentured labourers. This day is now observed in Mauritius as 'Aapravasi Day'. In all, about half a million Indian indentured labourers are estimated to have been brought into Mauritius between 1834 and the early decades of the 20th century, out of whom about two-thirds settled permanently in Mauritius.

A brief stopover by Mahatma Gandhi en route to India from South Africa (October 29 to November 15, 1901), while awaiting departure of his ship SS Nowshera, is still etched in the consciousness of Mauritius. Barrister Manillal Doctor, who came to Mauritius in 1907 on the suggestion of Gandhiji, helped the Mauritian Indian community to organise themselves and laid the foundation for their struggle for political and social rights. As a tribute to Gandhiji and the Indian freedom struggle, the National Day of Mauritius is celebrated on March 12 (the date of launch of Dandi Salt March).

Commercial Relations

India is Mauritius' largest trading partner and has been the largest exporter of goods and services to Mauritius since 2007. In FY 2014-2015 India exported goods worth US$ 1.9 billion to Mauritius and imported goods worth US$ 21.19 million from Mauritius. India's exports to Mauritius comprise largely of petroleum products. A three-year Agreement between the Mangalore Refinery and Petrochemicals Ltd (MRPL) and the State Trading Corporation of Mauritius for supply of all petroleum requirements of Mauritius was renewed in July 2013. Besides petroleum products, main items of India's exports to Mauritius are pharmaceuticals, cereals, cotton, electrical machinery, apparel and clothing accessories. Main items of Mauritius' exports to India are iron and steel, pearls, precious/semi-precious stones and optical, photographic and precision instruments.

Cumulative FDI equity inflows from Mauritius to India during the period April 2000-March 2015 amounted to USD 87.55 billion (35% of total FDI inflows over this period), thanks largely due to the Double Taxation Avoidance Convention. Mauritius was the single largest source of FDI into India during the financial year 2014-15, with FDI equity inflows amounting to USD 9.03 billion – 29% of total inflows in 2014-15.Eight Indian Public Sector Enterprises are currently functioning in Mauritius. The Bank of Baroda (BoB), Life Insurance Corporation (LIC), and New India Assurance Corporation (NIAC) were the first to establish operations, followed by other PSUs including India Handloom House, Telecommunications Consultant India Ltd (TCIL), IndianOil (Mauritius) Limited (IOML), Mahanagar Telephone (Mauritius) Ltd. and State Bank of India (Mauritius) Limited. Besides their core activities, the PSUs have also contributed to various activities in Mauritius under the Corporate Social Responsibility (CSR) schemes.

Some high-visibility Indian-assisted projects in Mauritius include the Mahatma Gandhi Institute, the Upadhyay Training Centre, the Jawaharlal Nehru Hospital, the Subramania Bharati Eye Centre, the Rajiv Gandhi Science Centre and the Rabindranath Tagore Institute. Prestigious symbols of recent Indian assistance include the Cyber Tower at Ebene and the Swami Vivekananda International Conference Centre (SVICC).

The Offshore Patrol Vessel Barracuda, built by an Indian shipyard under a GoI Line of Credit, was commissioned into the Mauritian National Coast Guard during the visit of Prime Minister Shri Narendra Modi in March 2015. India also provides extensive capacity building and training inputs to the Mauritian armed forces, besides carrying out regular joint patrolling/surveillance exercises and in the Mauritian EEZ. India has also provided assistance in the setting up of Mauritius's National Hydrographic Unit. Over the past forty years, India has extended several Lines of Credit to Mauritius to assist in the development of its infrastructure, human resource, skills development, capacity building, project appraisal, etc. In March 2015, a new Line of Credit of USD 500 million for civilian infrastructure projects was announced by Prime Minister Shri Narendra Modi during his visit to Mauritius.

To increase tourism inflow from India, Mauritian Government had introduced a visa-free regime for Indian tourists in October 2004, wherein Indian tourists visiting Mauritius for a period up to 60 days do not require a visa, provided they can show sufficient funds to cover their stay.

Political Relations

Following Mauritius' independence on March 12, 1968, the first Prime Minister and the Father of the Mauritian Nation Sir Seewoosagur Ramgoolam accorded centrality to India in Mauritius' foreign policy. Subsequently, successive Mauritian leaders ensured that India occupies a position of significance and importance in the foreign policy orientation and activities of Mauritius.

India and Mauritius have signed a wide range of bilateral agreements and MoUs. Some of them are the Double Taxation Avoidance Convention (DTAC-1982), Bilateral Investment Promotion and Protection Agreement (BIPA-1998), MoU on Air Services (2005), Agreement on Cooperation in Information Technology (2000), MoU on Cooperation in Biotechnology (2002), Extradition Treaty (2003), MoU on Cooperation against Terrorism (2005), MoU on Cooperation in the field of Environment (2005), Mutual Legal Assistance Treaty in Criminal Matters (2005), Agreement on the Transfer of Sentenced Persons (2005), MoU for Cooperation in the field of Hydrography (2005), MoU for Cooperation on Consumer Protection and Legal Metrology (2005),MoU Concerning Cooperation in the Exchange of Finance Intelligence Related to Money Laundering & Financing of Terrorism(2008), Protocol on the Sale of Navigational Charts; Agreement on Cooperation for the establishment of telemetry, tracking and tele-command station for satellites and launch vehicles and for cooperation in the fields of space research, science and applications; Supply Contract for the Coastal Radar Surveillance System (2009), Agreement on Early Warning of Coastal Hazards (2010), MoU on Science and Technology Cooperation (2012), MoU on Sports and Youth Affairs (2012), Educational Exchange Programme (2012), MOU on Textiles (2012), MoU between RGSC Trust Fund and NCSM for setting up a hybrid planetarium (2012), MoU on Cooperation in Election Management and Administration (2013), MoU on cooperation in MSME Sector (2013), MoU on cooperation in Communication and Broadcasting between Mauritius Broadcasting Corporation and Prasar Bharti (2014), MoU on Cooperation in Ocean Economy (2015), and MoU in the field of Traditional Systems of Medicine (2015). In addition, Cultural Exchange Programmes have been regularly concluded since 1971.

Why Mauritius?

A COUNTRY WHERE THE RIGHT CONDITIONS ARE IN PLACE FOR THE CONDUCT OF BUSINESS, FOR INVESTING, WORKING AND A HIGH QUALITY OF LIFE

INFRASTRUCTURE & CONNECTIVITY

• A reliable and expanding logistics platform with modern infrastructure
• A well-maintained road network
• An efficient port with deep-water quays
• An international airport with a modern terminal, and an airport city catering for high-value cargo
• Connectivity: Mauritius is connected with the global business by submarine fibre optic cables: SAFE and LION.

FISCAL INCENTIVES

• Income tax, corporate tax and VAT at a harmonized rate of 15%
• Tax-free dividends
• No capital gains tax
• Foreign tax credit of 80%
• Duty-free & VAT-free facilities for goods and equipment imported in Freeport zones
• Tax holiday over 8 years under the SMART CITIES SCHEME
• Tax holiday over 8 years for Bio farming projects
• A ten-year exemption from income tax on all income, inclusive of income from external sources, under the MAURITIAN DIASPORA SCHEME.

BUSINESS ENVIRONMENT

• Rule of law and political stability
• Security of assets
• No minimum capital requirement for the incorporation of a company
• 100% foreign ownership
• No exchange control
• Incorporation of a company in 3 working days
• One-stop shop for launching of business
• Seamless and transparent process for the issuance of permits and authorizations

OTHER ADVANTAGES

• Time zone allowing round-the-clock global transactions
• Bilingual (English & French) pool of professionals in all fields of business
• Qualified & multi-skilled workforce
• Trusted International Financial Centre
• Well-regulated and transparent jurisdiction
• Banking services: full range of services from international service-providers
• OECD white-listed international business platform15

INVESTMENT OPPORTUNITIES

The administrative headquarters for multinationals.As a financial center and an investment platform, the country offers many advantages for multinational and transnational companies wishing to set up their headquarters for the conduct of their operations in Africa. A multinational will be eligible if three of the following criteria are met:
• Administration and general management
• Planning, development and coordination of business
• Economic research and investment and related analysis
• Services relating to international headquarters
• Other administrative business of the HQS in accordance with the Financial Services Commission Regulations (FSC).
Cross-border investment
Through its network of bilateral agreements with many countries, Mauritius remains an ideal choice for its competitiveness and risk mitigation relating to investment both in Africa and outside Africa.

BILATERAL AGREEMENTS

• 46 agreements pertaining to double taxation avoidance (DTAAs)
• 42 agreements relating to the promotion and protection of investment (IPPAs)
• 35 Memorandum of Understanding.

RAISING CAPITAL AND STOCK EXCHANGE LISTING FOR PROJECTS TO BE CARRIED OUT IN AFRICA:

Mauritius is one of the largest and most innovative centers for the stock exchange listing and fundraising in Africa. There are currently two stock exchanges authorized by the Financial Services Commission (FSC), namely the Stock Exchange of Mauritius Ltd (SEM) and the Bourse Africa Ltd (BAL).

THE SMART CITY ERA-INNOVATION AT ITS CORE:

Eight mega projects and five technoparks will be built across the island to boost economic growth. Total investment is estimated at 4billion dollars. financing will include private and foreign contributions as well as public- private partnerships.
The smart city scheme (scs) aims at transforming Mauritius into a ‘smart island’ which will comprise eight smart cities which will be green, self-sustained, modern, urban agglomerations built around the three-fold work-live-play concept.

DEVELOPMENT OF SMART CITIES:

Opportunities for the development of smart cities are numerous. A project under the Smart City Scheme (SCS) may be developed by both free-hold and lease-hold land- owners.
Fiscal incentives comprise the exemption from taxes and registration duties granted to:
land-owners | promoters | developers
Given the sustainable nature of the scheme, other incentives are proposed, for example an accelerated depreciation on capital expenditure incurred on green infrastructure development projects, namely
Renewable energy projects | Recycling plants
Desalination plants | Energy-efficient plants
Water-efficient systems, including rain-harvesting systems.

INNOVATION AND RESEARCH

Smart cities provide for a conducive high-tech business environment for companies engaged in innovation, research and development activities.
Research institutions and companies involved in pharmaceuticals and ICT sector, amongst others, will be able to domicile in Mauritius.
Incentives
Deduction of capital expenditure incurred on scientific research.
Eight-year tax holiday granted to universities, research and development institutions.

LIGHT MANUFACTURING

Smart cities also cater for light-manufacturing and high- precision manufacturing industries. Opportunities exist in the fields of manufacture of aircraft critical and non- critical components, intelligent sensors, medical devices, imaging instruments and technical textiles.
Incentives Deduction of capital expenditure incurred over two years are provided on the following:

Electronic and high-precision machinery, including computer hardware and software and Plant and machinery acquired by a manufacturing company.

AGRO-INDUSTRY:

The agro-industrial landscape in Mauritius has evolved from sugar cane cultivation to a more diversified array of activities. There is a strong focus on the development of new niches and activities within the industry, including the setting up of horizontally integrated farms.

INVESTMENT OPPORTUNITIES :

a. Agricultural biotechnology
Mauritius is positioning itself as an exporter of agricultural inputs (both in animal and crop-based segments) in the region. The objective is to attract many companies in agricultural biotechnology.
b. Seed production
The African seed market is estimated at about USD 1 billion. Mauritius meets all the requirements to position itself as a major seed producer in the region.
c. Technology-based agriculture
To contribute towards food security and to further increase yield and productivity, the Government has embarked on a technology-based agriculture strategy and is inviting companies to further invest in this activity.
d. Bio farming and Organic products
With a global market for organic products estimated at around USD 55 billion, Mauritius aims to capitalize on this new trend by developing an organic farming industry in which investment opportunities exist, namely for baby vegetables, mushroom, production of seeds and the cultivation of rice.

THE AGRO INDUSTRY AT A GLANCE:

GDP contribution: 2.9% (2015) Total employment: 44, 900 (2015)
The main segments of activities comprise the sugar sector, and non-sugar sector, namely production of crops, cattle, dairy farming, food processing, tea production, livestock production and processing.

OCEAN ECONOMY:

Mauritius manages one of the world’s largest exclusive economic zones extending across some 2.3 million square kilometres, covering the equivalent of the territory of Spain, Germany, Italy, France and the UK combined.
Seen as the next economic pillar, ocean economy focuses on the development of seven major areas of activity:
• Seabed Exploration for Hydrocarbon and Minerals
• Fishing, Seafood Processing and Aquaculture
• Deep Ocean Water Applications (DOWA)
• Marine Services
• Seaport-related Activities
• Marine Renewable Energies
• Ocean Knowledge
A KNOWLEDGE CENTRE ENDOWED WITH ALL FACILITIES AND AMENITIES REQUIRED FOR THE DEVELOPMENT OF A KNOWLEDGE HUB, MAURITIUS IS TODAY A SIGNIFICANT PROVIDER OF QUALITY EDUCATION.
Primary and Secondary levels: educational institutions have an enrolment capacity for 40,000 learners at primary and secondary levels, including the Cambridge University "O" and "A" levels and the International Baccalaureate programme.
The tertiary and « Executive » levels boast prestigious institutions which offer a whole range of courses at competitive rates.

INVESTMENT OPPORTUNITIES:

• International business schools
• Branch campuses of renowned international universities
• Autonomous campuses with degree awarding powers
• Institutions offering advanced programs for Executives.

VOCATIONAL AND TECHNICAL TRAINING CENTRES:

With the changing technological, industrial and economic landscape in the region, investment opportunities exist in the following specialized fields: Fashion and design, Electronics, Jewelry, Printing, Construction, Civil engineering, Healthcare, ICT, Tourism, and the Marine, Electrical, Mechanical and Automotive sectors.

KNOWLEDGE SECTOR AT A GLANCE:

GDP contribution: 4.8% (est. 2015)
No. of players: 2,061 Total employment: Approx. 26,500

MANUFACTURING:

After a humble beginning centered on textiles, Mauritius has, over the years, strengthened and diversified its manufacturing capabilities.
Apart from benefiting from favorable export regimes granted within the COMESA and SADC blocs, products manufactured in Mauritius also benefit from a Freight Rebate Scheme for exports to qualified ports in Africa.

INVESTMENT OPPORTUNITIES:
Medical Devices:

Mauritius is the seat of the manufacturing units of the main European companies in the area of medical devices. There is room for other companies which want to engage in the manufacturing of medical supplies, including surgical and non-surgical equipment.

High-End Jewellery, Watch-making and Diamond Sector:

These niche segments represent on average an annual export value of around USD 150 million. Activities and opportunities in the segments include the processing of pearls, precious and semi-precious stones, watch- making activities and diamond processing.

Precision Engineering:

Companies present in Mauritius are already operating in the area of producing and assembling small components for electronics, measuring equipments and instrumentation. Investment opportunities include the integration of existing value chains or manufacturing of high-accuracy components and systems, ultra- precision machining as well as tooling.

Technical Textiles:

Opportunities in the technical textile sector remain unexplored in Mauritius. Investors may avail themselves of opportunities in the production of technical textiles for the aerospacial, medical, construction, military, agriculturazl or automotive industries.

Food Processing:

The food processing industry is represented across several segments, including the processing of products like fish, meat, milk, crops, rum and bottled water. Opportunities to further develop this segment include the graduation towards niche foods such as confectionery and high-end refined spirits.

MANUFACTURING SECTOR AT A GLANCE:

GDP contribution: 16.3% (2015) |No. of players: 15,906 | Total employment: 112,200 (est. 2014)
ICT-BPO (DRIVING INNOVATION)
While global companies are consolidating their presence in the offshore sector and diversifying their activities beyond their existing business seat, tremendous opportunities will open up, thereby making the island a high-end destination for ICT-BPO services.
Activities with promising potential in the field of information communication technology are:

OUTSOURCING OF COMPUTER SERVICES:

• Computer Engineering Services
• Infrastructure management services
• Integration and software development
• Outsourcing process
• Accounting
• Human Resource Management
• Administrative Activities
• Specific activities: Banking, Insurance, Logistics, Telecommunications

CUSTOMER RELATIONSHIP MANAGEMENT:

• Technical assistance
• Customer loyalty
• Multilingual CRM

ICT-BPO SECTOR AT A GLANCE:

• GDP contribution: 6, 4% (est.2015)
• Number of companies: 700
• Employment: 20,000 + (est. 2015)

A HI-TECH MEDICAL HUB:

The Mauritius Healthcare Sector has been transformed into an integrated model underpinned by modern medical facilities, high-value activities and highly qualified personnel. The sector is now shifting gears towards the export of its services and is positioning itself as a medical tourism platform for Africa.
In 2014, more than 15,000 foreign patients travelled to Mauritius for both inpatient and outpatient procedures. Currently, the Indian Ocean islands remain the main market followed by Europe, Eastern and Southern Africa and the Middle East.

INVESTMENT OPPORTUNITIES:

Opportunities exist to set up:
• Super-specialitycentres of excellence – especially for diabetes and oncology
• Medical laboratories and Hi-tech imaging & diagnostic centers
• Plastic, reconstructive and cosmetic surgery clinics
• Dental clinics and laboratories
• Convalescence centers

HEALTHCARE SECTOR AT A GLANCE:

• GDP contribution: 4.6% (est. 2015)
• No. of players: 28 in 2014 (public and private hospitals & clinics)
• Total employment: 7414 in 2014 (Doctors, dentists, pharmacists, qualified nurses and midwives)
• Foreign Patients: more than 15,000 in 2014

LIFE SCIENCES & BIOTECHNOLOGY:

Biotech companies are involved in a number of diversified activities including bioinformatics, contract research, clinical trials, pharmaceuticals and the manufacturing of medical devices, amongst others. The BioPark Mauritius, a new center of excellence, was launched as a private-sector driven initiative to house companies in the field of biotechnology and scientific development.

INVESTMENT OPPORTUNITIES:

Opportunities exist to set up:
• Pharmaceuticals manufacturing plants
• Contract Research Organisations (CROs) – Clinical trials are being conducted for the HIV, Diabetes, Hepatitis, amongst others.
• Phyto-pharmaceutical industry – cultivation and processing of plants with known medicinal and cosmetic properties.

LIFE SCIENCES & BIOTECH SECTOR AT A GLANCE:

No. of players: 25
Turnover: MUR 2.7 billion
Total employment: 1,275

RENEWABLE ENERGY TOWARDS A GREENER FUTURE :

Mauritius welcomes all types of renewable energy projects. However, in line with international best practices in the sector, renewable energy projects requiring direct sales to the grid are subject to an official bidding process. Accordingly, the Central Electricity Board, which is the national organization responsible for generation and distribution of electricity, regularly issues expression of interest (EOI) for renewable energy projects.
In addition, private sector initiatives which do not require Government involvement can be immediately considered through the Third-Party Providers Protocol which covers the generation of electricity from renewable energy sources by private promoters for direct sales to third parties and other tenants.

INVESTMENT OPPORTUNITIES EXIST IN:

• Energy Efficiency Projects targeting Large Energy Consumers
• Energy Audit, Management and Advisory Services
• Deep Ocean Water Applications (DOWA) that exploit deep sea water currents for cooling purposes and other uses
• R&D in renewable energy which makes the best of the micro climate and collaboration opportunities with existing institutions
• Development of marine renewable energies in the waters of Mauritius.

HOSPITALITY &PROPERTY DEVELOPMENT:

In Order to Attract Investments in the Real Estate Sector, The Government has Established a System that allows Non-citizens to Acquire Property for Residential Purposes.

UPSCALE LUXURY RESIDENTIAL PROPERTIES:

Non-citizens and expatriates are eligible to make an acquisition for accommodation under approved schemes managed by the Board of Investment. These residential properties include luxury condominiums, villas and apartments.
The Property Development Scheme (PDS) is a program to facilitate the development and a purchase of residential luxury estate by non-citizens.
Promoters can be involved in the development of luxury villas and residential properties with international standards, high-end leisure and other related facilities.
The acquisition of a residential property in the schemes approved by the Board of Investment, namely PDS, entitles buyers and their dependents to a residence permit, provided that the property is acquired for a price exceeding USD 500,000. The owners also have the option to rent the property or to elect for tax residence in Mauritius.

WORK & LIVE IN MAURITIUS:

Mauritius offers a quality lifestyle which combines comfort with luxury, modernity with cultural traditions, work with leisure. A wide range of modern facilities and amenities are available at reasonable costs, comprising quality accommodation, educational facilities, healthcare and medical facilities, shopping centre, recreational and sporting facilities.
Foreign nationals wishing to work, live or retire in Mauritius may explore various avenues either through the Occupation Permit, the Residence Permit or the Permanent Residence Permit.
A non-citizen can apply for an Occupation Permit /Residence
Permit in any of the following four categories:
INVESTOR: The business activity should generate a turnover exceeding MRU 4 million annually with an initial investment of USD100, 000
PROFESSIONAL: The basic salary should exceed MRU 45,000 monthly. However, the basic salary for professionals in the ICT Sector should exceed MRU 30,000 monthly
SELF-EMPLOYED: Income from the business activity should exceed MRU 600,000 annually with an initial investment of USD 35,000
RETIRED: The non-citizen must undertake to transfer at least USD 40,000 annually to his/her local bank account in Mauritius.
The occupation permit and the residence permit are granted for a maximum period of three years, renewable thereafter subject to established criteria.
Moreover, occupation and residence permit holders are eligible to acquire an apartment located in a building complex comprising ground + at least 2 floors, as from date of issuance of the occupation permit, under specified criteria.