Invest India inks deal with Mauritian board
February 8th, 2012 - 6:16 pm ICT by IANSNew Delhi, Feb 8 (IANS) Invest India, a joint venture of the government and the Federation of Indian Chambers of Commerce and Industry (FICCI), Wednesday signed an agreement with the Board of Investment of Mauritius to facilitate a two-way flow of investments.
According to the terms of the agreement, the two organisations would “cooperate in the promotion of entrepreneurship in their respective countries and identify and promote specific investment projects.”
The two organisations have also agreed to exchange information on investment procedures, entrepreneurial resources, legal framework and investment opportunities.
Invest India managing director Anupam Srivastava and his counterpart at the Board of Investment of Mauritius, Ken Poonoosamy, signed the Memorandum of Understanding (MoU) here.
Invest India, a joint venture between the ministry of commerce and industry, state governments and FICCI, has been set up to facilitate the inflow of investments in India.
“For facilitation of investments, the MoU enjoins on the two parties to provide informational assistance to companies during the pre-investment stage, identify potential business partners and assist in the selection and negotiation process and assist during project implementation and enable the processing of relevant documentation within a reduced time frame,” FICCI said in a statement.
- Andhra to tie-up with Israel - Jan 27, 2011
- France to invest $13 billion in India by 2012 - Dec 06, 2010
- India, US ink pacts on traditional knowledge, IPR, investment promotion - Nov 24, 2009
- India, Qatar chambers to set up joint business council - Apr 09, 2012
- India signs MoU with Canada's Ontario province (With Image) - Jul 09, 2010
- India to help Afghanistan develop tourism - May 27, 2011
- India, Russia sign 29 agreements from defence to trade - Dec 22, 2010
- India, US sign pacts on investment promotion, sharing traditional knowledge - Nov 24, 2009
- India, Saskatchewan sign MoU on mineral resources - Mar 15, 2011
- India, Ontario sign MoU for cooperation in 'Geology and Mineral Resources' - Jul 09, 2010
- India to sign four more agreements with Mauritius - Jul 03, 2010
- India, Malaysia ink six pacts to take bilateral ties forward (Part-I) - Oct 27, 2010
- Syria seeks strategic energy, IT partnership with India - Jun 12, 2010
- India inks $1 mn pact to train African craftswomen - Feb 29, 2012
- FICCI to open office in Nepal - Dec 04, 2011
Tags: chambers of commerce, chambers of commerce and industry, entrepreneurial resources, ficci, india inks, indian chambers of commerce, inflow, informational assistance, investment procedures, investment projects, investment stage, legal framework, mauritian, memorandum of understanding, ministry of commerce, negotiation process, project implementation, relevant documentation, srivastava, state governments