Home / Knowledge / News / Textiles / Mauritius prez invites Pakistani textile exporters
Mauritius prez invites Pakistani textile exporters
21
Apr '16
President of Mauritius, Dr Ameenah Firdaus Guarib-Fakim has invited the All Pakistan Textile Manufacturing Association (APTMA) to invest in the island nation, according to reports in the Pakistani media.

During a meeting with an APTMA delegation, led by its Chairman Tariq Saud in Karachi on Wednesday, the Mauritian President highlighted the huge opportunities available in the technical textile sector in her country which remains unexplored.

She said that Mauritius is among the top six countries in Africa, which is recommended to people who wish to relocate. “It is one of the leading states in the African region for ease of doing business and good governance, as per the World Bank Doing Business Survey 2016,” the President said.

She suggested that the Pakistani textile entrepreneurs could also take advantage of Mauritius to penetrate the US and European markets.

Dr Guarib-Fakim said that her government provides a ten-year exemption from income tax on all income, inclusive of foreign investment under the Mauritian Diaspora Scheme. "There is no minimum capital requirement for the incorporation of a company, 100 per cent foreign ownership is allowed and there is no exchange control for foreign investment," she added.

She invited the APTMA chairman to bring a delegation to Mauritius and experience the incentives and facilities provided by their government to the foreign investors.

She also asked them to arrange a fashion show of Pakistani textile brand and also showcase products for the firsthand information of the prospective buyers.

APTMA Chairman Saud told the Mauritian president that there is a need for close liaison between the business community of the two countries so that the Pakistani business class can explore the Mauritian economy as well as enter the African market. He also invited Mauritian entrepreneurs for joint ventures in Pakistani textile mills. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Smarth Bansal, Colorjet India Limited

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search