The FSPA reassures US-based India bound funds on the viability of the Mauritius IFC

Intervening yesterday by teleconference in the “Lifecycle of India-Focussed Funds” event organized by Nishith Desai Associates in New York, the Chief Executive of the FSPA Harvesh Seegolam, reassured the 200-plus fund managers that Mauritius remains a proven financial centre of choice and the most competitive one for India-bound investments. The certainty and clarity elements that Mauritius offers as a financial jurisdiction was very well received at the conference.

This certainty has also led to an increase in confidence, which is reflected by the rise in the number of new structures being formed in Mauritius targeting the Indian market. As per figures of the Financial Services Commission, Mauritius has noted a surge of 35% in the number of India-bound structures for the month of June 2016. This rise in confidence has equally been highlighted in an article of the Economic Times of India, notably that PE funds look to shift from Cyprus to Mauritius to avail themselves of the competitive advantage of Mauritius.