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GROUP MEMBERS:

ANI L ANAYATH 100 5

K A U S I K A D H I K A R I 1 0 0 1

E M A M U L M A L L I K 1 0 5 0

AMIT K ATH E 1042

N A R E S H D E U L K A R 1 0 5 1

H ITESH WAG H ELA 1107

Mergers & Acquisitions

Presentation On Mauritius

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Mergers & Acquisitions

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M O T T O : " S T E L L A C L A V I S Q U E M A R I S I N D I C I " ( L A T I N )" S T A R A N D K E Y O F T H E I N D I A N O C E A N

A N T H E M : " M O T H E R L A N D"

Republic of MauritiusRepublik Moris

Rpublique de Maurice

http://en.wikipedia.org/wiki/List_of_national_mottoshttp://en.wikipedia.org/wiki/List_of_national_mottoshttp://en.wikipedia.org/wiki/Latinhttp://en.wikipedia.org/wiki/National_anthemhttp://en.wikipedia.org/wiki/Motherland_(anthem)http://en.wikipedia.org/wiki/Motherland_(anthem)http://en.wikipedia.org/wiki/National_anthemhttp://en.wikipedia.org/wiki/Latinhttp://en.wikipedia.org/wiki/List_of_national_mottoshttp://en.wikipedia.org/wiki/List_of_national_mottos

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MAURITIUS

Capital: Port Louis (2010S5731E)

Official language: English

Vernacular:Mauritian Creole, French,English, RodriguanCreole

Demonym:Mauritian

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MAURITIUS

Government: Parliamentary republic- President: Sir Anerood Jugnauth

- Prime Minister: Navin Ramgoolam

Legislature: Parliament

Lower House: National Assembly

Independence from the United Kingdom- Date12 March 1968- Republic12 March 1992

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MAURITIUS

Area- Total: 2,040 km2787 sq mi (179th)- Water (%)0.05

Population- 2008 estimate1,288,000 (151st)- 2000 census1,179,137- Density: 631.4/km2 1,636.5/sq mi (18th)

GDP (PPP) 2010 estimate- Total$18.061 billion- Per capita$14,097

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MAURITIUS

GDP (nominal) 2010 estimate

- Total $9.729 billion

- Per capita $7,593

HDI (2010)0.701 (high) (72nd)

Currency: Mauritian rupee (MUR)

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Religion in Mauritius

Hinduism - 52% Roman Catholic - 27.5% Islam - 16.6% Other Christians - 8.6% other - 2.5%

None - 0.4%

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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)

http://en.wikipedia.org/wiki/Districthttp://en.wikipedia.org/wiki/District

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Mauritius has the sixth-highest GDP per capitain 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).

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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 threeAfrican nations with a "high" Human Development Indexrating.

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Sugar caneis grown on about 90% of the cultivated land areaand accounts for 25% of export earnings.

The government's development strategy centres on foreigninvestment.

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

Franceis the country's biggest trading partner, has close tieswith the country, and provides technical assistance in variousforms.

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TAX HEAVEN

Mauritius in 2005 abolished an 80% tax on around 1,850different types of goodsas part of a plan to transform theIndian Ocean island into a duty free "shoppingparadise for tourists

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

Mauritius ranks firstamong all countries in FDI inflows toIndia, with cumulative inflows amounting toUS$10.98 billion.

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The top sectors attracting FDI inflows from Mauritiusbetween January 2000 and December 2005 were

- electrical equipment,

- telecommunications,

- fuels,- cement

- and gypsum products and services sector (financialand non-financial).

The main airport is Sir Seewoosagur RamgoolamInternational Airport, the home of the nationalairline,Air Mauritius.

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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 orientedactivities

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

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Mauritius is one country that has achieved successfuleconomic and human development with a dual-track approachto economic liberalisation, whereby poorer sections of societyhave participated in its economic growth.

However, inflation and its impact on living costs remains amajor 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 commonlyconsumed, rose from a yearly average of 103.8 points to120.2 points

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India Mauritius Trade Relations policy adopted byIndia

Removing government controls and creating an atmosphere oftrust 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 exportproducts.

Facilitating technological and infrastructural modification of allthe sectors of the Indian economy, especiallythrough importsand thereby increasing value addition andproductivity, while attaining global standards of quality.

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INDUSTRIES IN MAURITIUS

The Textile and Apparel Industry

The textile industry is one of the main pillars of theMauritian economy. In order to fight unemployment,

which was rampant, the government created the ExportProcessing Zone (EPZ) in 1971. It has undergone manychanges in its almost thirty years of existence. Equipped

with a high skilled labour force and efficientmanagement practices, Mauritius manufactures productsof excellence like Boss, Ralph Lauren, etc. for export

towards the EU and USA.Great emphasis is laid on quality control.

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Mauritian textile industry enjoys a good reputationamong professional textile buyers. Famous textiledistributors / retailers like 3 Suisses, GaleriesLafayette, Harrods, Selfridges, Mast and the Gapsource out their products from Mauritius. To face thepresent economic situation investments are beingmade in new technology with an aim of making

Mauritius a centre for capital-intensive activitiessuch as spinning, weaving, design, marketing andlogistics.

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Manufacturing sector

Besides textiles the Export Processing Zone has alsogot companies which are involved in the production

of light engineering goods, jewellery, printing andpublishing, electronics, high precision plastics,information technology and pharmaceuticalproducts. Most of the goods are produced for the

export market.

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AGRICULTURE

Sugar production was the backbone of the Mauritianeconomy until the Government decided to embarkon a diversification program. Meanwhile, the cost ofproduction of sugar has gone up and a restructuringof this sector has become necessary. Increasedmechanisation, better yield, good management andenergy production from bagasse, form part of a newdevelopment in this sector. Different types of specialsugars and tea are also produced for the exportmarket.

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The Agro Industry has also witnessed an increase inthe production of Flowers and Fruits. A variety ofanthuriums, andreanums and other flowers grownon the island are exported towards Europe, Asia,

Australia and the United States. The EuropeanUnion imports mangoes, pineapples, lichis and

bananas grown in Mauritius. The high cost of freighthas driven entrepreneurs to process fruits and

vegetables for the export market.

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TOURISM SECTOR

Mauritius is a popular tourism destination for peoplefrom around the world. Apart from its natural physicalassets as a tropical island, it is also distinguished by theexcellent service available in its hotels, its safeenvironment, and its diverse cultures.

Tourism is a fast expanding sector, which brings animportant contribution to the foreign exchange earningsof Mauritius. Exotic sandy beaches, blue lagoons, goodclimate, a spectacular landscape and friendly and

welcoming people, make Mauritius a dream island fortourists. A blend of different races, cultures and religions,live in peace and harmony.

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There are many luxurious hotels, some rankingamong the best in the world, which provide anexcellent service. More than half a million tourists

visit Mauritius every year. A variety of sport activitieslike sailing, windsurfing, waterskiing, paragliding,diving and tennis are on offer. Regatta andinternational fishing competitions are also held inMauritius. For those practicing golf, Mauritius is aparadise

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The Mauritian cuisine (Indian, Chinese, Creole,French) with its exotic spices and aroma, is unique inthe world. Casinos, bars and discos cater for thenightlife of tourists. Natural attractions in Mauritius

are the Pamplemousses Botanical Gardens, Domainedu Chasseur, Trou aux Cerfs, Grand Bassin, BlackRiver Gorges, Chamarel, Domaine de Pailles and Ileaux cerfs. Nowadays eco-tourism is being given

special attention in order to preserve the naturalbeauty of the country. The Government encouragesan up market tourism.

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Neutralizing inverted duty structures and ensuring that India's

domestic sectors are not disadvantaged in the Free TradeAgreements/Regional Trade Agreements/Preferential TradeAgreementsthat 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 Tradeby redefining its role.

Involving Indian Embassies as an important member of exportstrategyand linking all commercial houses at international locationsthrough an electronic platform for real time trade, intelligence, inquiryand information dissemination.

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India Mauritius Trade Relations policy adopted byMauritius

Investment guarantees to promote joint ventures

Identify items of trade and investment

Boost bilateral trade

Arrest illegal trade between the two countries

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

Economy

Commerce

Formulate a Comprehensive Economic Cooperation andPartnership Agreement

Investment and economic cooperation

Indian investments in Mauritius

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Mauritius's core competencies like strategic location and tradeagreements at multilateral and local levels to serve as a launchpad for Indian investors in Mauritius market and othermarkets through its various trade agreements. Government ofMauritiusand the EXIM Bank of Indiahave identified areas ofinvestment for Indian corporate sectors such as:

Manufacturing Financial services SMEs Tourism

Health Education and knowledge ICT Capacity enhancement

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The forum of India Mauritius trade relationshassuggested future plans to:

Encourage more Indian investments inMauritius and joint India-Mauritiusinvestmentsinto the region.

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

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Furthermore, tremendous opportunities exists for thecooperation between the two countries in a mutually

beneficial manner, which is mainly facilitated by:

India Mauritius JBC - A joint business forum whichshowcases each others commodities to their individualbusiness and trade partners to promote each othersbusiness and trade.

The India Mauritius JBC, uses their individual tradepartner's business and trade agreements tofacilitate business and trade promotion of each other.

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Relations with France and India are strong for bothhistorical and commercial reasons. Foreignembassies in Mauritius include Australia, the UnitedKingdom, 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 Agreementof protection for the US-military (as coveredunder Article 98).

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

It is a member of the World Trade Organization,

the Commonwealth of Nations, La Francophonie, theAfrican Union, the Southern Africa DevelopmentCommunity, the Indian Ocean Commission, COMESA, andthe recently formed Indian Ocean Rim Association.

India has remained one of its biggest trading partners; inaddition India has deep social and historical links with alarge portion of the population of Mauritius, India is thecountry's second largest source of foreign assistance