India-Mauritius free trade may benefit construction, infra
ECONOMY & POLICY

India-Mauritius free trade may benefit construction, infra

India and Mauritius signed a comprehensive economic cooperation and partnership agreement (CECPA) during the ongoing visit by External Affairs Minister S Jaishankar. Construction and transport figure in the long list of possible industries that may benefit.

Under the CECPA, India will provide preferential access to Mauritius in regards to several items like surgical equipment, medicine, and textile products that would cater to market requirements on both sides.

This is the first trade agreement signed by India with a country in Africa. The CECPA is a limited agreement, which will cover trade in goods, rules of origin, trade in services, technical barriers to trade (TBT), sanitary and phytosanitary (SPS) measures, dispute settlement, movement of natural persons, telecom, financial services, customs procedures and cooperation in other areas.

The trade agreement provides for an institutional mechanism to encourage and improve trade between the two countries. It will cover 310 export items for India, including foodstuff and beverages (80 lines), agricultural products (25 lines), textile and textile articles (27 lines), base metals and articles thereof (32 lines), electricals and electronic item (13 lines), plastics and chemicals (20 lines), wood and articles thereof (15 lines), and others. Mauritius will benefit from preferential market access into India for its 615 products, including frozen fish, speciality sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


With regards to trade in services, Indian service providers will have access to around 115 sub-sectors from the 11 broad service sectors, such as professional services, computer related services, research and development (R&D), other business services, telecommunication, construction, distribution, education, environmental, financial, tourism and travel related, recreational, yoga, audio-visual services, and transport services.

India has offered around 95 sub-sectors from the 11 broad services sectors, including professional services, R&D, other business services, telecommunication, financial, distribution, higher education, environmental, health, tourism and travel-related services, and recreational and transport services.

Both the countries have also agreed to negotiate an Automatic Trigger Safeguard Mechanism (ATSM) for a limited number of highly sensitive products within two years of the agreement's signing.

Image: Technology, such as the proposed ATSM, may feature as a pivot in several segments.


Also read: DPIIT identifies 10 sectors to cut imports

Also read: L&T bags Mauritius metro rail contract

India and Mauritius signed a comprehensive economic cooperation and partnership agreement (CECPA) during the ongoing visit by External Affairs Minister S Jaishankar. Construction and transport figure in the long list of possible industries that may benefit. Under the CECPA, India will provide preferential access to Mauritius in regards to several items like surgical equipment, medicine, and textile products that would cater to market requirements on both sides. This is the first trade agreement signed by India with a country in Africa. The CECPA is a limited agreement, which will cover trade in goods, rules of origin, trade in services, technical barriers to trade (TBT), sanitary and phytosanitary (SPS) measures, dispute settlement, movement of natural persons, telecom, financial services, customs procedures and cooperation in other areas. The trade agreement provides for an institutional mechanism to encourage and improve trade between the two countries. It will cover 310 export items for India, including foodstuff and beverages (80 lines), agricultural products (25 lines), textile and textile articles (27 lines), base metals and articles thereof (32 lines), electricals and electronic item (13 lines), plastics and chemicals (20 lines), wood and articles thereof (15 lines), and others. Mauritius will benefit from preferential market access into India for its 615 products, including frozen fish, speciality sugar, biscuits, fresh fruits, juices, mineral water, beer, alcoholic drinks, soaps, bags, medical and surgical equipment, and apparel.4th Indian Cement Review Conference 202117-18 March Click for event info With regards to trade in services, Indian service providers will have access to around 115 sub-sectors from the 11 broad service sectors, such as professional services, computer related services, research and development (R&D), other business services, telecommunication, construction, distribution, education, environmental, financial, tourism and travel related, recreational, yoga, audio-visual services, and transport services. India has offered around 95 sub-sectors from the 11 broad services sectors, including professional services, R&D, other business services, telecommunication, financial, distribution, higher education, environmental, health, tourism and travel-related services, and recreational and transport services. Both the countries have also agreed to negotiate an Automatic Trigger Safeguard Mechanism (ATSM) for a limited number of highly sensitive products within two years of the agreement's signing.Image: Technology, such as the proposed ATSM, may feature as a pivot in several segments. Also read: DPIIT identifies 10 sectors to cut imports Also read: L&T bags Mauritius metro rail contract

Next Story
Infrastructure Urban

Large-sized Deals Drive 40% of Industrial & Warehousing Demand

With 25.6 million sq ft of gross leasing in 2024, industrial & warehousing demand across the top five cities remained healthy, witnessing a marginal 2 per cent YoY growth. Although, there was a noticeable dip in leasing activity during the last quarter, strong space uptake in the earlier quarters ensured steady leasing levels during 2024. During the year, Delhi NCR led the demand with 26 per cent share, closely followed by Chennai at 23 per cent share. On a quarterly basis, Q4 2024 saw about 5.5 million sq ft of industrial & warehousing demand across the top five cities. Pune, closely followed..

Next Story
Infrastructure Energy

Vedanta Aluminium Launches Advanced Operational Dashboard

Vedanta Aluminium, India’s largest producer of aluminium, has launched an innovative operational dashboard at its Jamkhani Coal Mine, Odisha. This state-of-the-art digital platform integrates real-time data, optimises performance metrics and automates routine processes. Developed in-house by a dedicated team, this dashboard leverages the First Principles approach to track mining operations at their most fundamental levels. It delivers actionable insights for achieving operational excellence through the Time-in-Use Model (TUM), which measures planned and actual cut rates, real-time coal expos..

Next Story
Infrastructure Transport

PNC-KKR Deal Nears Completion

Infrastructure company PNC Infratech has received in principle approvals from NHAI to transfer 100 per cent stake held by it in two subsidiaries (SPVs) for the Bundelkhand and Khajuraho road projects to the KKR-backed Highways Infrastructure Trust. With this, the PNC-KKR deal is on track for closure by March 31, 2025 as PNC Infratech is in the process of fulfilling the conditions precedents (CPs) for the transaction. One of the major CPs under the deal included change in control approvals from the highway authorities and no objection certificates from the lenders to the projects, according to ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000