• Mon. Apr 15th, 2024

Indian Chamber Expands Global Presence in Mauritius

The Indian Chamber of Commerce (ICC) has appointed Sanjay P. Ghag, a Project Development and Financing expert in Infrastructure PPP sector with a core experience of over 32 years in Infrastructure project development, financing and investment in Middle East, Africa and India, as Chief Representative in Mauritius. This strategic move of ICC will enhance economic ties of India with the Mauritius and African economy. Under Ghag’s leadership, ICC foresees a strong growth of the institution especially in African Infrastructure Investments as well as Project Development on Public Private Partnership basis.

 

Ghag, an alumni of Indian Institute of Technology, Mumbai had his last assignment with Kukuza Project Development Company (KPDC) at Mauritius, a strategic joint venture promoted by African Development Bank, Exim Bank of India, State Bank of India and Infrastructure Leasing & Financial Services (IL&FS) to facilitate African Governments conceive and develop infrastructure PPP Projects. Mr Ghag commenced his infrastructure career with Mahindra Infrastructure Developers, developing, promoting and managing infrastructure projects in India wherein he was involved in successfully developing the first water privatisation initiative in India, Tirupur Water Supply Project.  He then joined Saudi Arabian Amiantit Group in Jeddah for the development of privatisation projects in the water and wastewater sector in the Middle East and Asia regions. Mr Ghag then became a principal investor in infrastructure assets by joining Gulf One Investment Bank in Bahrain and subsequently was heading infrastructure investments for Bahrain based Oasis Capital Bank.

 

In his new role, Ghag is expected to engage with corporations, government agencies and industry organizations to boost trade and investment between India and Mauritius. India and Mauritius have “excellent coordination” on bilateral, commercial, social, and cultural arena, which makes Mauritius our largest trading partners and importer of goods and services. In November 2023, India exported $136 million and imported $5.27 million from Mauritius, resulting in a positive trade balance of $130 million. The tie will expectedly facilitate and strengthen the cooperation between the countries.

 

Ameya Prabhu, President of ICC, expressed delight in the appointment, stating, “We are glad to have Mr Sanjay P. Ghag as ICC’s Chief Representative for the Mauritius chapter. His extensive experience and pivotal role in building economic ties between India and Mauritius marks his leadership invaluable. Under his leadership, we look forward to catalysing robust cooperation between India and Mauritius propelling Infrastructure Investment, Capital Market cooperation and other businesses.”

 

Ghag shared his enthusiasm, saying, “I am honoured to represent the Indian Chamber of Commerce as its Chief Representative in Mauritius. Leveraging my experience, I am committed to enhancing trade and investment opportunities, between Corporations, Industry bodies and Governments. I look forward to contributing to the success of both great nations in the flourishing India- Mauritius economic partnership.”

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