The Minister of Financial Services and Good Governance, Mr Soomilduth Bholah, participated, yesterday, in a webinar, at the FSC House in Ebene, on Mauritius Variable Capital Company (VCC) that is being organised by the Indian Law Firm, Cyril Amarchand Mangaldas (CAM) in collaboration with the Financial Services Fund (FSF) of Mauritius. In his address, the Minister highlighted that the webinar with CAM serves as a reconnection point after earlier networking sessions in India. The discussion focused on VCC, which enables Fund Promoters to operate multiple sub-funds within one structure, thus addressing the growing demand for wealth management among Indian families, he noted. Minister Bholah emphasised that the robust partnership between Mauritius and India is founded on profound cultural, historical, and economic connections. He further observed that key agreements, including the India-Mauritius Double Taxation Avoidance Convention, signed in 1982 and the Comprehensive Economic Cooperation and Partnership Ag reement established in 2021, are crucial in facilitating trade and investment. In addition, Mr Bholah noted that Mauritius has emerged as a prominent source of Foreign Direct Investment for India, boasting a cumulative investment of USD 175 billion as of June 2024. He remarked that Mauritius is regarded as a competitive financial centre, featuring a stable political and regulatory framework, strong governance, and numerous international agreements that assure investors. The Minister recognised that Mauritius ranks highly in global indices, showcasing its business-friendly environment. He thus conveyed that Mauritius aspires to be a gateway for investment in Africa and urged participants to engage actively in exploring collaborative opportunities in VCCs for mutual benefit. Government Information Service, Prime Minister's Office, Level 6, New Government Centre, Port Louis, Mauritius. Email: [email protected] Website: https://gis.govmu.org Mobile App: Search Gov Source: Government of Mauritius
- April 26, 2026