Mauritius is ensuring transparency, there are no shell companies: Mauritius Minister Soomilduth Bholah

Mauritius promotes transparency in financial services, seeks investments from India, and acts as a platform for Indian companies in Africa.

Mauritius is ensuring transparency in the financial services sector and there are no shell companies there, Mauritian minister Soomilduth Bholah has said as he pitched the island nation as the platform for Indian companies to tap the African market.

In an exclusive interview to PTI in the national capital, Mr. Bholah said that Mauritius is looking for investments from India, which he described as an economic powerhouse.

Mauritius always promotes good governance and focused on transparency. The country would love to learn from India in each and every sector, the Mauritius Financial Services and Good Governance Minister said.

The island nation, which has a long standing strong bilateral ties with India, is mainly looking for collaborative opportunities in the fintech space.

"It is a pleasure to be in India. I would say that while India is important for Mauritius, Mauritius is also important for India, especially in the financial services sector," he said.

In response to a query on perception that there are concerns in certain quarters about the funds coming in from Mauritius, the minister said it is only a perception.

"It is only a perception... I can confirm that there are no shell companies in Mauritius. We are compliant with OECD (norms).