Public Statement

Statement by Sushil K.C. Khushiram, Minister of Economic Development, Financial Services and Corporate Affairs following his Meeting with Shri Jaswant Singh, Minister of Finance of India, at Rashtrapati Bhavan, New Delhi, on 15th Sept. 2003

Minister Khushiram reviewed with Shri Jaswant Singh important issues relating to economic and financial cooperation between India and Mauritius.  He informed his Indian counterpart of recent progress achieved by Mauritius in enhancing the soundness and reputation of its financial sector, especially in the light of the favourable assessment made by the IMF/World Bank in its Financial Sector Assessment Programme on Mauritius.

Their exchange of views was highly positive and reassuring.  Both countries look forward to a continued and strengthened development of their economic relationship, and in particular the upholding of mutual benefits under the Mauritius-India Double Taxation Avoidance Treaty.

The meeting reaffirms the prospects for a secure and sustained expansion of the activities of Global Business in Mauritius.

Financial Services Commission

Date 24 September 2003