03.07.

2018

PRIVATE NOTICE QUESTION

To ask the Honourable Prime Minister, Minister of Home Affairs, External

Communication and National Development Unit, Minister of Finance and
Economic Development –

Whether, in regard to Poly Technologies Incorporated of China, he

will –

(a) state the dates on which he has met its Vice President and other
representative, indicating the purposes thereof;

(b) state the projects and investments envisaged by the company in

Mauritius, giving details thereof; and

(c) for the benefit of the House, obtain and –

(i) table copy of any agreement signed between the said

company and SBM (Mauritius) Infrastructure Development
Company Ltd., indicating the progress thereof as at to
date; and

(ii) give details of any other agreements signed between the

said company and any other entity in Mauritius?

REPLY

Madam Speaker,

As regards part (a) of the question, I am informed that

the former Board of Investment (BOI) conducted an official
investment promotion mission in the People’s Republic of
China, along with representatives of the Ministry of
Foreign Affairs and Regional Integration and International
Trade from the 14th to 21st of May 2017.
 During that mission, the Mauritian delegation met with
the representatives of the Poly Group and its Vice
President, Mr Zhang ZHENGWEI. They expressed the
interest of the Poly Group to set up a Regional Head
Quarter in Mauritius for their operations in Africa. They
would also be interested to execute projects in Mauritius.
The Poly Group is a major state-owned player in the Real
Estate sector in China.

The Board of Investment (BOI) continued discussions

with the Poly Group after the mission in China regarding
their Regional Head Quarter project. Subsequently, on
the 02nd of April 2018 Poly Group wrote a letter to the BOI
informing that their Vice President, Mr Zhang ZHENGWEI,
would lead a delegation to Mauritius from the 08th to 12th
of April 2018. In this context, I received the Vice
President and his delegation on 10 April 2018.

In regard to part (b) of the question, the Poly Group

delegation discussed about opportunities for investment
and cooperation with the Government of Mauritius as well
as the possibility of regional company registration.

2
 During the meeting, the Poly Group made proposals
for the construction and financing of social housing
project. The issue of financing had to be channelled
through the Chinese Authorities. Discussions on this
matter with the Chinese Authorities are proceeding.

As regards part (c)(i) of the question, I am informed

that the SBM (Mauritius) Infrastructure Development
Company Ltd. had discussions with representatives of
Poly Group on the financing structure for a social housing
project. No agreement has been signed with Poly Group.
However, only a Memorandum of Understanding (MOU)
which is in fact non-binding, has been signed between
SBM (Mauritius) Infrastructure Development Company
Ltd. and Poly Group. The MOU does not thus, constitute
an offer, agreement, agreement in principle, decision or
commitment by SBM (Mauritius) Infrastructure
Development Company Ltd.

As regards part (c)(ii) of the question, no formal

agreement has been signed.

P.K.J
3