March 12, 2013 2:44 PM

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Revised DTAA is win-win situation for India & Mauritius: Prez Pranab Mukherjee

President Pranab Mukherjee has said that the Revised Double Taxation AvoidanceAgreement or DTAA is a win-win situation for India and Mauritius. He said, India and Mauritius are jointly working to find out a mutually acceptable and beneficial outcome on the DTAA. Mukherjee, who is Port Louis on a three-day visit, said the Double Taxation Avoidance Convention (DTAC) cannot be seen in isolation, separate from the many strands that weave the tapestry of India-Mauritius relationship and efforts, and it should remain focused on realisation of the full potential of the bilateral ties. He said this in an interview to Mauritius newspaper 'Le Matinal'. Commenting on the economic relations between India and Mauritius, Mr.Mukherjee said the bilateral cooperation in the economic and commercial areas has grown but needs to be further reinvigorated.Asked whether Mauritius can serve as a springboard into Africa for India, Mukherjee said Indian overseas investments to Africa are beginning to be channelled through Mauritius.He said Mauritius, with its preferential and trading arrangements as well as export zones could attract Indian SMEs engaged in the field of pharmaceuticals, light engineering,consumer goods, textiles, seafood processing, etc.

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