Namita Jagarnath-Hardowar, director of Expert Institutional Services, has been appointed as new President of the Mauritius Chamber of Commerce and Industry in replacement to Guillaume Hugnin.
Charles Harel, Chief Executive of Harel Mallac Group was appointed Vice-President.
The 170-year-old Mauritius Chamber of Commerce and Industry (MCCI), one of the oldest institutions in the country defending the private sector.
During his speech at the 173rd AGM of the MCCI, Hugnin took stock of the international situation, highlighting major fiscal changes on the island.
“In addition to the 15% income tax, the Solidarity Levy at 25%, the imposition of CSG and the continuing imposition of VAT on goods andservices has brought Mauritius in the ranks of a high tax jurisdiction,” he said.
“Consequently, the attractiveness of our economy has dwindled. We are concerned with the emergence of a ‘brain drain’ situation where our highly educated and talented professionals tend to leave the country for better opportunities.
Hugnin added that the higher tax regime also encourage the development of an informal sector, a parallel economy, where tax avoidance is the motivating factor.
The new Board of the MCCI comprises:
PRESIDENT
Mrs. Namita Jagarnath Hardowar (Other Business Services)
Institutional Expert Services
VICE – PRESIDENT
Mr. Charles Harel (Industry)
Archemics Ltd.
Mr. Denis-Claude Pilot
Avipro Co. Ltd.
Mr. Jerome Clarenc
Mauritius Oil Refineries Ltd.
Mr. Eric Corson
PIM Ltd.
Mr. Azim F. Currimjee
Currimjee Jeewanjee & Co. Ltd.
Mr. Patrice Marie
IBL Ltd.
Mr. Gordon Perrins
Nestle’s Products (Mauritius) Ltd.
Mr. Matthias de Larminat
Vivo Energy Mauritius Ltd.
Mr. Daniel Essoo
Mauritius Bankers’ Association
Mr. Didier Viney
Mauritian Eagle Insurance Co. Ltd.
Mr. Naveen Sangeelee
Velogic Ltd.
Mr. Ashvin Pudaruth
OTAM
Mr. Ravi Prakash Hardin
Bluelife Ltd.
Mrs. Rima Ramsaran
Association Mauricienne des Femmes Chefs d’Entreprise
Mr. Shehzad Ahmed, CSK
Mauritius Chamber of Merchants
Mr. Pascal Fok Kow
Chinese Chamber of Commerce
Mrs. Amanda Devi Lam
Indian Traders’ Association
IN ATTENDANCE
Mr. Kevin Ramkaloan
Business Mauritius
CO-OPTED MEMBERS
Mr. Guillaume Hugnin
Panagora Marketing Ltd.
Mr. Huns Biltoo
KPMG