India Seychelles Trade and Investment Seminar Press Releases

India Seychelles Trade and Investment Seminar

PRESS RELEASE

India-Seychelles Trade and Investment Seminar 2020:

Sustainable Partnership for Shared Growth and Prosperity

High Commission of India in Seychelles organised a half day seminar: India-Seychelles Trade and Investment Seminar 2020: Sustainable Partnership for Shared Growth and Prosperity, at Eden Bleu Hotel, Mahe on Friday 28th February 2020. The aim of the seminar was to explore opportunities for increasing bilateral trade and investment between India and Seychelles.

The seminar was inaugurated by Vice President Vincent Meriton, by lighting of lamp, in the presence of Minister of Tourism, Civil Aviation, Ports & Marine, Mr. Didier Dogley. The event was attended by several dignitaries including Dr Marina Confait - Principal Secretary, Department of Foreign Affairs; Mr. Michael Nalletamby, Principle Secretary, Department of Investment and many other Principle Secretaries, Chairpersons of Parastatal bodies, CEOs, prominent businessperson from India (including Tru Healthcare, Bajaj Hindustan Ltd, Telebyte Technologies Pvt Ltd, Tulsi Impex, Ace Employment etc) and Seychelles (Seychelles Trading Corporation, Vijay Construction, Global Food Supplies, Laxmanbhai Group etc) and representatives of Seychelles Chambers of Commerce and Industries and Indian Association of Seychelles.

Vice President Vincent Meriton delivered the inaugural speech in which he talked about the extensive work being done by government of Seychelles to facilitate economic activities and improve Standard of living of ordinary Seychellois. He also highlighted the great potential in growth for trade and investment between the two countries. He assured support from government of Seychelles in conduction of trade between India and Seychelles and acknowledged the work being done by the Government of India and Indian High Commission in helping Seychelles.

High Commissioner of India to Seychelles, Gen. Dalbir Singh Suhag delivered the welcome address. He noted that improvement in trade between the two nations will lead to development of sustainable business models which will ensure assured supply of quality products at reasonable prices. He further explained that direct import from India to Seychelles can lead to substantial reduction in the prices of essential food items in Seychelles which will arrest the surging cost of living. He also said that increase in trade with India will also lead to exchange of proven, effective and affordable technologies and sharing of best practices between the two countries which will boost domestic capacities in fields like Agriculture, Entrepreneurship, Skill enhancement, and Small and Medium Enterprise development.

Second Secretary, Harsh Chirania gave a presentation on the status of bilateral trade between India and Seychelles and the highlights of Indian Economic Growth. He also gave a presentation on the recent Annual budget and the findings of Economic Survey on the highlights on Indian Economy. He invited Seychelles’ businessmen to invest in India. This was followed by Presentations by Department of Investment and Department of Finance, Republic of Seychelles.

The First Plenary was chaired by Mr Oliver Bastienne, Chirman Seychelles Chamber of Commerce and Industries (SCCI) and was themed India-Seychelles Trade: The Path Ahead. The panellists for this plenary were 1. Mr Charles Morin, Chief Negotiator, Trade Agreements for Seychelles Trade Department; 2. Mr Rajiv Jaiswal, Regional Manager – SE Africa, TATA Motors; 3. Mr. Gilbert Lebon, Chaiman- Seychelles Investment Board and President of Automobile Delaers Association of Seychelles.

Mr Morin talked about Seychelles stand at the WTO and the various Tariff and Non-Tariff policies of Seychelles towards international trade. Mr Jaiswal gave a presentation on the automotive sector of India in general and Tata Motors in particular. He also explained the history of Tata Motors’ association with Seychelles and its future plans in the country. Mr Lebon gave a presentation on the automotive sector of Seychelles and its association with India. He explained that almost 50% of cars imported in Seychelles are manufactured in India and the percentage is going up every year. He also talked about the various ways in which the two countries can cooperate in regulating and improving the sector further. Mr Bastienne in his remarks explained about the role played by the SCCI in promotion of trade between the two countries and the MoUs between SCCI and, FICCI and CII in India.

The Second Plenary was chaired by Mr Jamshed Pardiwalla, Chairman Indian Association of Seychelles and the theme was Identification of opportunities and solution to roadblocks. The panellist for this session were Mr Atul Dawda- CEO of Tulsi Impex, and Dr Kamakshi Jaggi of Ace Employment. The plenary identified the absence of a direct shipping line between India and Seychelles as the major impediment in India-Seychelles trade and explored possibility of the acquisition of a mid-sized vessel through collaboration between Indian and Seychelles private sector businessmen. Mr Padriwalla in his closing remarks gave many ideas to improve the trade relationship between the two countries and requested the private sector to lead the efforts.

The event concluded with presentation of memorabilia to the panellists by the High Commissioner and a group photograph.

………………..