INDIA: Mauritius Wants Indians To Set Up Yarn Units
The government of Mauritius is seeking Indian textile companies to set up spinning units. The Mauritius Export Development and Investment Authority (MEDIA), is actively pursuing initiatives to capitalise on the passage of the Africa Bill, which took effect October 2000. A few Indian composite mills have had talks for setting up spinning facilities in Mauritius. This would require investment of between $13m to $17m. Mauritius has no spinning capacity. MEDIA is pitching for the Indian companies to set up weaving facilities too, another area where Mauritius is weak, with just three medium-sized weaving units on the island.
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