Mauritius invites Indian SMEs to get duty-free export benefit under AGOA

Mauritius is inviting Indian Small and Medium Enterprises (SMEs) to set up their units in the island country to capitalise on duty-free export benefit under the African Growth and Opportunity Act (AGOA), an envoy said here. This AGOA offers duty-free shipments to the US market, presenting significant opportunities for Indian businesses, he said. Replying to a question, High Commissioner of Mauritius to India Haymandoyal Dillum said, "Indian industries should make the most of the AGOA agreement with African countries and the US." Dillum, who visited Kolkata on Saturday to attend a programme of the Bharat Chamber of Commerce, encouraged the leather industry to explore value-added opportunities in Mauritius to gain a competitive edge in the US market. The West Bengal leather sector has been facing a slowdown in traditional markets like the US and Europe due to a slowdown in the economy after the COVID-19 pandemic. Leather exports from West Bengal account for approximately Rs 6,000 cr
Read The Rest at :