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English Release 20-August 2014
Date Month Year
  • President's Secretariat
  • President of India condoles the passing away of Shri Bks Iyengar
  • Conference of Chairmen, Board of Governors and Directors of Indian Institutes of Technology to be held on August 22
  • Prime Minister's Office
  • PM condoles the passing away of Yogacharya BKS Iyenger
  • PM presents DRDO awards
  • Cabinet
  • Digital India – A programme to transform India into digital empowered society and knowledge economy
  • Nagpur Metro Rail Project
  • USOF supported scheme to provide mobile services in areas affected by Left Wing Extremism
  • Min of Comm. & Information Technology
  • Digital India – A programme to transform India into digital empowered society and knowledge economy
  • USOF supported scheme to provide mobile services in areas affected by Left Wing Extremism
  • Min of Defence
  • Raksha Mantri Lays Foundation Stone for Nau Sena Bhawan Building Complex
  • Make DRDO a Hub for Defence Manufacturing – Arun Jaitley
  • The Coas Pays Respect to Mortal Remains of Havildar Gaya Prasad
  • Port Call INS Sahyadri at Manila, Philippines
  • Ministry of Finance
  • Public Comments sought on Draft of Forward Contracts (Regulation) (Intermediaries) Rules, 2014
  • Min of Food Processing Industries
  • Committee setup to suggest restructuring of FCI
  • Min of Health and Family Welfare
  • No Ebola suspect case admitted today to Quarantine cum Isolation Health Facility at Delhi Airport
  • Min of Home Affairs
  • Home Minister Reviews Assam-Nagaland Border Incidents
  • Special Training on Disaster Management
  • Director General Level Talks Between NCB, India and PNB, Sri Lanka
  • Home Minister Launches the Plan Scheme of Mainstreaming Civil Defence in Disaster Risk Reduction
  • FCRA Outreach Seminar in Maharashtra
  • Min of Personnel, Public Grievances & Pensions
  • Dr. Jitendra Singh Submits Proposal for Women Toilets in Border Areas of J&K
  • ACC Appointment
  • Min of Petroleum & Natural Gas
  • Petroleum & Natural Gas Minister reviewed the project of tourist facilities and peripheral being developed by the Indian Oil Foundation Trust
  • Global crude oil price of Indian Basket decreased to US$ 99.94 per bbl on 19.08.2014
  • Min of Power
  • PM to Dedicate 765 kV Ranchi-Dharamjaygarh-Sipat Inter-Regional Transmission Line ;
  • Prime Minister to Dedicate Mouda Super Thermal Power Project to the Nation in Nagpur Tomorrow
  • Ministry of Tourism
  • State Tourism Ministers Conference to be held in New Delhi on 21st August 2014
  • Min of Urban Development
  • Nagpur Metro Rail Project
  • DDA to Take up Projects to Decongest Five Critical Roads
  • Ministry of Water Resources
  • 2015-2016 to be Observed as Water Conservation Year One Uninterrupted Stream of Ganga to be Ensured within Three Years Says Uma Bharti
  • Min of Youth Affairs & Sports
  • SAI released Rs. 11.27 crore to Hockey India during 2014-15 for various activities against the allocated budget of Rs. 10.50 crore

Previous Date

 
Ministry of Commerce & Industry15-February, 2013 18:50 IST
India Explores Mauritius Freeport Policy to Tap African and European Markets

In a bilateral meeting with Mr. Sayyad Abd-Al-Cader Sayed Hossen, Minister of Industry, Commerce and Consumer Protection, Mauritius, the Union Minister for Commerce, Industry & Textiles Shri Anand Sharma today said that India and Mauritius have initiated steps towards setting up Mauritius-India Joint Business Council and a Joint Working Group (JWG) on trade and investment. “The Joint Business Council will be a robust institutional mechanism for giving a boost to trade and investment ties by identifying the priority sectors and sectors of engagement. The JWG would further work out the modalities for broadening and deepening the economic engagement between the two countries,” said Shri Sharma to the Mauritian Minister.

Shri Sharma conveyed to Mr Sayed Hossen that India and Mauritius should conduct a Joint Commission Meeting at the earliest so as to chart out a thorough roadmap for future cooperative ventures between the two countries.

During his recent bilateral visit to Mauritius from January 8-10, 2013, Shri Sharma was informed about the Freeport policy of Mauritius which offers zero custom duty and corporate tax free regime for companies with predominant export orientations, specially to Africa. Today, both the Ministers took the issue forward and explored the possibilities of approaching new markets through part value addition under the Freeport policy. The special arrangement of Mauritius with COMESA and the DFQF regime with EU will come into play under this Policy. In this regard, DIPP, CII, ASSOCHAM and FICCI have been asked to take necessary action in the matter.

Shri Sharma also assured full support for the development of the textiles sector in Mauritius. He also expressed happiness that MoUs in the textiles sector have been signed between the two countries subsequent to his visit to Mauritius last month. Shri Sharma said that both the countries should look at the possibility of establishing Integrated Textile Park in Mauritius. The Indian Minister asked the officials to give a concept paper on this within two weeks. The Mauritian Minister met Indian industry representatives through AEPC and CITI in a bid to attract Indian FDI into Mauritius in the textile sector. A Board of Investment delegate is travelling with the Minister to explain the fiscal and trade-related aspects to potential investors.

During the Financial Year 2011-12, the bilateral trade between India and Mauritius grew by 68 per cent, increasing from USD 863 million in 2010-11 to USD 1,451 million in 2011-12. In the current FY 2012-13, the bilateral trade in the nine-month period from April-December 2012 was USD 1007 million, registering a marginal decline of 4.78 % as compared to the corresponding nine-month period of April-December 2011.

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DS/RK
(Release ID :92263)

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