Mauritius To Create CyberCity
While on a visit to India, Mauritius economic development minister Sushil
Khushiram has announced an IT initiative under which the Indian Government
will provide a credit line of $100m to finance the creation of a cyber-city
on a 300-acre site in central Mauritius. Mr Khushiram said that companies
setting up in the zone would be offered a zero-tax environment. The fund would also be used to develop telecommunication and IT infrastructure
in order to create a hub to provide IT solutions and services in Africa
and South-east Asian countries. Besides, as many Mauritanians speak French,
Khushiram said, Indian IT companies could use the country to enter French-speaking
markets. The government has also started a university dedicated to offering
higher studies in the IT sector. Responding to questions about recent allegations of financial scams,
Mr Khushiram said that the government has set up a Financial Services
Commission which became operational from December 1, 2001. Besides regulating
overseas financial services, he said the Commission would also coordinate
the sharing of information with other regulators like the Reserve Bank
of India. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.