Mauritius officials offer tax incentives to Coimbatore industrialists for investments. A delegation from Coimbatore plans to visit Mauritius soon to explore business opportunities amidst local challenges.
Coimbatore: Amidst various challenges faced by the MSME sector in Coimbatore, including increased electricity tariffs, Mauritius officials have assured Coimbatore entrepreneurs of numerous concessions if they start businesses in their country. A delegation of Coimbatore industrialists has decided to visit Mauritius soon to explore these opportunities.
Coimbatore district, an industrial hub, is home to thousands of registered micro, small, and medium enterprises. These MSMEs have been facing significant pressure due to various factors, including the introduction of GST, rising raw material costs, and increases in property tax, electricity charges, and professional tax, all while still recovering from the impact of the COVID-19 pandemic.
In this scenario, several states and countries are showing keen interest in attracting investments from Coimbatore and surrounding districts. Recently, Madhya Pradesh Chief Minister Mohan Yadav held a grand interaction event in Coimbatore, announcing various concessions to attract industrial investments. He also mentioned the establishment of an MP Industrial Investment Center in Coimbatore.
Against this backdrop, Mauritius officials interacted with Coimbatore industrialists during an event held at the CODISSIA complex last Friday. They offered various tax concessions for investments in their country and extended an invitation to the Coimbatore business community. Accepting this invitation, a group of industrialists from Coimbatore has announced plans to undertake a business tour to Mauritius soon.
The Mauritius delegation included officials from the Finance and Commerce departments, such as Somilduth Bholah, Hemraj Ramnial, Nemchand Ceepowa, Setnararainsing, Phoolrani Rampatharat, Thovinashi, Renu, Malayappan Nagalingam, and Sivalingam.
Finance official Somilduth Bholah stated that Mauritius has seen remarkable growth in the past 10 years and offers excellent growth prospects for investments in various commercial sectors.
Finance official Setnararainsing mentioned that investing in business plans in collaboration with both countries could lead to benefits such as tax concessions and subsidies. He welcomed Coimbatore industrialists to visit Mauritius to understand the investment opportunities and ground realities.
Project Director Thovinashi highlighted that procedures for both domestic and foreign investors in Mauritius have been greatly simplified.
CODISSIA President Karthikeyan and Exhibition Chairman Ponram noted that a delegation of entrepreneurs from Coimbatore will soon undertake a business tour to Mauritius, accepting the invitation from Mauritian officials.
Coimbatore district, an industrial hub, is home to thousands of registered micro, small, and medium enterprises. These MSMEs have been facing significant pressure due to various factors, including the introduction of GST, rising raw material costs, and increases in property tax, electricity charges, and professional tax, all while still recovering from the impact of the COVID-19 pandemic.
In this scenario, several states and countries are showing keen interest in attracting investments from Coimbatore and surrounding districts. Recently, Madhya Pradesh Chief Minister Mohan Yadav held a grand interaction event in Coimbatore, announcing various concessions to attract industrial investments. He also mentioned the establishment of an MP Industrial Investment Center in Coimbatore.
Against this backdrop, Mauritius officials interacted with Coimbatore industrialists during an event held at the CODISSIA complex last Friday. They offered various tax concessions for investments in their country and extended an invitation to the Coimbatore business community. Accepting this invitation, a group of industrialists from Coimbatore has announced plans to undertake a business tour to Mauritius soon.
The Mauritius delegation included officials from the Finance and Commerce departments, such as Somilduth Bholah, Hemraj Ramnial, Nemchand Ceepowa, Setnararainsing, Phoolrani Rampatharat, Thovinashi, Renu, Malayappan Nagalingam, and Sivalingam.
Finance official Somilduth Bholah stated that Mauritius has seen remarkable growth in the past 10 years and offers excellent growth prospects for investments in various commercial sectors.
Finance official Setnararainsing mentioned that investing in business plans in collaboration with both countries could lead to benefits such as tax concessions and subsidies. He welcomed Coimbatore industrialists to visit Mauritius to understand the investment opportunities and ground realities.
Project Director Thovinashi highlighted that procedures for both domestic and foreign investors in Mauritius have been greatly simplified.
CODISSIA President Karthikeyan and Exhibition Chairman Ponram noted that a delegation of entrepreneurs from Coimbatore will soon undertake a business tour to Mauritius, accepting the invitation from Mauritian officials.