Towards this end, he stressed upon the need for making the Mauritius India Business Council (MIBC) a robust institutional mechanism for giving a boost to trade and investment ties by identifying the priority sectors and sectors of engagement.
The identified sectors can be tourism, infrastructure, manufacturing and light engineering, pharmaceuticals, biotechnology, health and life sciences, Information and Communications Technology (ICT) and textiles. It was agreed that a Joint Working Group on trade and investment would meet before April, 2013 to work out the modalities for broadening and deepening the economic engagement between the two countries.
Shri Anand Sharma assured of full support for the development of the textiles sector in Mauritius. He stated that the three draft MOUs in the textiles sector proposed by the Government of Mauritius involving cooperation of the Northern India Textile Research Association (NITRA) and the Apparel Promotion Council of India with the Mauritian institutions would be finalized soon.
He further stated that a delegation from India in the textiles sector will visit Mauritius shortly to establish institutional linkages. The Commerce, Industry and Textiles Minister announced that 35 scholarships would be made available by India annually – 15 in the Institute of Apparel Management (IAM), 10 in the National Institute of Fashion Technology (NIFT) and 10 in the Apparel Training and Design Centre (AT & DC).
He further announced that 1000 trainees from Mauritius would be provided training for skill development in the textiles sector and 10 factories in Mauritius would be taken up by the Apparel Export Promotion Council (AEPC) for compliance with the requirements of quality certification.
Shri Anand Sharma also announced that 5 students/ officers as may be nominated by the Government of Mauritius would be provided scholarship for training in WTO related matters in the Indian Institute of Foreign Trade (IIFT).
Shri Anand Sharma thanked the Prime Minister of Mauritius for consistently supporting India’s candidature for a permanent seat in the Security Council. Shri Sharma announced that in addition to the existing Line of Credit of US $ 250 million (which was announced during the visit of the Prime Minister of Mauritius in February, 2012); buyer’s credit to the tune of US 100 million would be provided to Mauritius.
Shri Sharma appreciated the role played by Mauritius in the Indian Ocean Rim Association for Regional Cooperation (IOR – ARC). He expressed the hope that the Joint Working Group on Double Taxation Avoidance Convention (DTAC), which is scheduled to meet in February, 2013, would be able to take the deliberations forward.
Apparel/Garments | On 1st Jul 2016
The British Retail Consortium (BRC) has said that following the...
Textiles | On 1st Jul 2016
India has moved up from 54th place in 2014 to 35th in 2016 in the...
Bolger & O'Hearn
Which chemicals are likely to dominate the sustainable textiles industry?...
‘RT3 motto is: Do not check millimetres, check colours.’
Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli
‘The percentage share of printing in the global textile market is pretty...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Label Ritu Kumar
‘Classics will return’ "There are a lot of people wearing western clothes ...
Hyderabad-based designer Prathyusha Garimella is known for blending...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...