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Mergers & Acquisitions

Presentation On Mauritius
Mergers & Acquisitions

MOTTO: "STELLA CLAVI SQUE MARI S I NDI CI " ( LATI N)
"STAR AND KEY OF THE I NDI AN OCEAN

ANTHEM: "MOTHERLAND"







Republic of Mauritius
Republik Moris
Rpublique de Maurice

MAURITIUS

Capital: Port Louis (2010S 5731E)

Official language: English

Vernacular: Mauritian Creole, French,English, Rodriguan
Creole

Demonym: Mauritian
MAURITIUS
Government: Parliamentary republic
- President: Sir Anerood Jugnauth
- Prime Minister: Navin Ramgoolam

Legislature: Parliament
Lower House: National Assembly

Independence from the United Kingdom
- Date 12 March 1968
- Republic 12 March 1992
MAURITIUS
Area
- Total: 2,040 km
2
787 sq mi (179th)
- Water (%)0.05

Population
- 2008 estimate1,288,000 (151st)
- 2000 census1,179,137
- Density: 631.4/km
2
1,636.5/sq mi (18th)

GDP (PPP) 2010 estimate
- Total$18.061 billion
- Per capita$14,097
MAURITIUS
GDP (nominal) 2010 estimate
- Total $9.729 billion
- Per capita $7,593

HDI (2010) 0.701 (high) (72nd)
Currency: Mauritian rupee (MUR)
Religion in Mauritius

Hinduism - 52%
Roman Catholic - 27.5%
Islam - 16.6%
Other Christians - 8.6%
other - 2.5%
None - 0.4%
The island of Mauritius itself is divided into nine districts:
Black River (Capital: Bambous)
Flacq (Capital: Centre de Flacq)
Grand Port (Capital: Mahbourg)
Moka (Capital: Quartier Militaire)
Pamplemousses (Capital: Triolet)
Plaines Wilhems (Capital: Rose-Hill)
Port Louis (Capital of Mauritius)
Rivire du Rempart (Capital: Mapou)
Savanne (Capital: Souillac)

Mauritius has the sixth-highest GDP per capita in Africa,
behind:

Seychelles (US$19,274 at PPP),

Equatorial Guinea (US$16,853 at PPP),

Gabon (US$14,421 at PPP),

Libya (US$14,381 at PPP) and

Botswana (US$13,417 at PPP).
The economy is mainly dependent on
sugarcane plantations,
tourism,
textiles,
and services,

But other sectors such as
seafood processing,
information technology
and medical tourism are rapidly developing as well.

Mauritius, Libya, and Seychelles are the only three
African nations with a "high" Human Development Index
rating.
Sugar cane is grown on about 90% of the cultivated land area
and accounts for 25% of export earnings.

The government's development strategy centres on foreign
investment.

Mauritius has attracted over 9,000 offshore entities, many
aimed at commerce in India and South Africa, while
investment in the banking sector alone has reached over
$1 billion.

France is the country's biggest trading partner, has close ties
with the country, and provides technical assistance in various
forms.
TAX HEAVEN
Mauritius in 2005 abolished an 80% tax on around 1,850
different types of goods as part of a plan to transform the
Indian Ocean island into a duty free "shopping
paradise for tourists

The corporate tax has recently been reduced to 15% to
encourage non-resident companies to trade or invest
through a permanent establishment or otherwise.

Mauritius ranks first among all countries in FDI inflows to
India, with cumulative inflows amounting to
US$10.98 billion.

The top sectors attracting FDI inflows from Mauritius
between January 2000 and December 2005 were
- electrical equipment,
- telecommunications,
- fuels,
- cement
- and gypsum products and services sector (financial
and non-financial).

The main airport is Sir Seewoosagur Ramgoolam
International Airport, the home of the national
airline, Air Mauritius.




Advantages of investing in Mauritius
Democracy and a stable Government
A very good infrastructure with superb communications
An excellent network of sea and air transport
A free market economy anchored on export oriented
activities
A highly literate, bilingual and friendly labour force.
High standard of living, good international schools
Favourable market access and very good incentives
An experienced financial sector providing excellent
services

Mauritius is one country that has achieved successful
economic and human development with a dual-track approach
to economic liberalisation, whereby poorer sections of society
have participated in its economic growth.

However, inflation and its impact on living costs remains a
major issue

Between 2006 and 2008, the average rate of inflation was
9.1%; between 2007 and 2010, the Consumer Price Index,
which gives an idea of the cost of products that are commonly
consumed, rose from a yearly average of 103.8 points to
120.2 points
India Mauritius Trade Relations policy adopted by
India

Removing government controls and creating an atmosphere of
trust and transparency to promote industrialization and trades.

Simplification of commercial and legal procedures and bringing
down transaction costs.

Simplification of levies and duties on inputs used in export
products.

Facilitating technological and infrastructural modification of all
the sectors of the Indian economy, especially
through imports and thereby increasing value addition and
productivity, while attaining global standards of quality.


INDUSTRIES IN MAURITIUS
The Textile and Apparel Industry

The textile industry is one of the main pillars of the
Mauritian economy. In order to fight unemployment,
which was rampant, the government created the Export
Processing Zone (EPZ) in 1971. It has undergone many
changes in its almost thirty years of existence. Equipped
with a high skilled labour force and efficient
management practices, Mauritius manufactures products
of excellence like Boss, Ralph Lauren, etc. for export
towards the EU and USA.
Great emphasis is laid on quality control.


Mauritian textile industry enjoys a good reputation
among professional textile buyers. Famous textile
distributors / retailers like 3 Suisses, Galeries
Lafayette, Harrods, Selfridges, Mast and the Gap
source out their products from Mauritius. To face the
present economic situation investments are being
made in new technology with an aim of making
Mauritius a centre for capital-intensive activities
such as spinning, weaving, design, marketing and
logistics.
Manufacturing sector

Besides textiles the Export Processing Zone has also
got companies which are involved in the production
of light engineering goods, jewellery, printing and
publishing, electronics, high precision plastics,
information technology and pharmaceutical
products. Most of the goods are produced for the
export market.

AGRICULTURE
Sugar production was the backbone of the Mauritian
economy until the Government decided to embark
on a diversification program. Meanwhile, the cost of
production of sugar has gone up and a restructuring
of this sector has become necessary. Increased
mechanisation, better yield, good management and
energy production from bagasse, form part of a new
development in this sector. Different types of special
sugars and tea are also produced for the export
market.

The Agro Industry has also witnessed an increase in
the production of Flowers and Fruits. A variety of
anthuriums, andreanums and other flowers grown
on the island are exported towards Europe, Asia,
Australia and the United States. The European
Union imports mangoes, pineapples, lichis and
bananas grown in Mauritius. The high cost of freight
has driven entrepreneurs to process fruits and
vegetables for the export market.

TOURISM SECTOR
Mauritius is a popular tourism destination for people
from around the world. Apart from its natural physical
assets as a tropical island, it is also distinguished by the
excellent service available in its hotels, its safe
environment, and its diverse cultures.

Tourism is a fast expanding sector, which brings an
important contribution to the foreign exchange earnings
of Mauritius. Exotic sandy beaches, blue lagoons, good
climate, a spectacular landscape and friendly and
welcoming people, make Mauritius a dream island for
tourists. A blend of different races, cultures and religions,
live in peace and harmony.

There are many luxurious hotels, some ranking
among the best in the world, which provide an
excellent service. More than half a million tourists
visit Mauritius every year. A variety of sport activities
like sailing, windsurfing, waterskiing, paragliding,
diving and tennis are on offer. Regatta and
international fishing competitions are also held in
Mauritius. For those practicing golf, Mauritius is a
paradise
The Mauritian cuisine (Indian, Chinese, Creole,
French) with its exotic spices and aroma, is unique in
the world. Casinos, bars and discos cater for the
nightlife of tourists. Natural attractions in Mauritius
are the Pamplemousses Botanical Gardens, Domaine
du Chasseur, Trou aux Cerfs, Grand Bassin, Black
River Gorges, Chamarel, Domaine de Pailles and Ile
aux cerfs. Nowadays eco-tourism is being given
special attention in order to preserve the natural
beauty of the country. The Government encourages
an up market tourism.


Neutralizing inverted duty structures and ensuring that India's
domestic sectors are not disadvantaged in the Free Trade
Agreements/Regional Trade Agreements/Preferential Trade
Agreements that India enters into in order to enhance exports.

Modernization of infrastructural network, both physical and virtual,
related to the entire Foreign Trade chain, to global standards.

Revitalizing the Board of Trade by redefining its role.

Involving Indian Embassies as an important member of export
strategy and linking all commercial houses at international locations
through an electronic platform for real time trade, intelligence, inquiry
and information dissemination.

India Mauritius Trade Relations policy adopted by
Mauritius

Investment guarantees to promote joint ventures

Identify items of trade and investment

Boost bilateral trade

Arrest illegal trade between the two countries

Further, to strengthen and consolidate India Mauritius trade
relations and to promote cooperation between the two countries
the government of both the countries are working in the lines of:

Economy

Commerce

Formulate a Comprehensive Economic Cooperation and
Partnership Agreement

Investment and economic cooperation

Indian investments in Mauritius


Mauritius's core competencies like strategic location and trade
agreements at multilateral and local levels to serve as a launch
pad for Indian investors in Mauritius market and other
markets through its various trade agreements. Government of
Mauritius and the EXIM Bank of India have identified areas of
investment for Indian corporate sectors such as:

Manufacturing
Financial services
SMEs
Tourism
Health
Education and knowledge
ICT
Capacity enhancement

The forum of India Mauritius trade relations has
suggested future plans to:
Encourage more Indian investments in
Mauritius and joint India-Mauritius
investments into the region.

Increase Indian investment and transfer of
technology and know-how, which would propel the
process of economic development in the region.

Furthermore, tremendous opportunities exists for the
cooperation between the two countries in a mutually
beneficial manner, which is mainly facilitated by:

India Mauritius JBC - A joint business forum which
showcases each others commodities to their individual
business and trade partners to promote each others
business and trade.

The India Mauritius JBC, uses their individual trade
partner's business and trade agreements to
facilitate business and trade promotion of each other.

Relations with France and India are strong for both
historical and commercial reasons. Foreign
embassies in Mauritius include Australia, the United
Kingdom, People's Republic of
China, Egypt, France, India, Madagascar, Pakistan,
Russia, and the United States.

Mauritius is also a member of the International
Criminal Court with a Bilateral Immunity Agreement
of protection for the US-military (as covered
under Article 98).

Mauritius has strong and friendly relations with the West,
as well as with India and the countries of southern and
eastern Africa.

It is a member of the World Trade Organization,
the Commonwealth of Nations, La Francophonie, the
African Union, the Southern Africa Development
Community, the Indian Ocean Commission, COMESA, and
the recently formed Indian Ocean Rim Association.

India has remained one of its biggest trading partners; in
addition India has deep social and historical links with a
large portion of the population of Mauritius, India is the
country's second largest source of foreign assistance