DIPLOMATS TO INDIA EMPIRE
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TUNISIA
AUGUST 2018
Tunisia's tourism registered a significant growth in the first months of 2018 and would reach up to 8 million by the end of the year. Indian tourists show the interest to discover Tunisia as a new destination. To encourage them to discover the diversity of the tourism sector, Tunisian concern authorities decided, since October 2017, to exempt Indian from touristic visa and even no visa on arrival is required. Only a valid visa, round trip ticket and confirmed voucher are required. First destination in Africa, Tunisia has seen a turnaround and major hotel brands have announced their entry in Tunisia. Mövenpick Hotel opened in Sousse and will open its doors soon in the Lac of Tunis, joining by the Four Seasons Hotel Tunis, since 2017. Anantara Tozeur Resort is also due to open in early 2019. Tunisia's tourism and hospitality industry has been through a challenging few years, and many efforts have been deployed. Indians are welcome to invest in tourism sector in Tunisia and take advantage from the new Investment Law.
-H.E. Mr Nejmeddine Lakhal, Ambassador of Tunisia to India
MARCH 2017
From the Indian side there are several success stories in Tunisia, although the same cannot be said as of now for Tunisian companies in India. I mentioned TIFERT that is a joint venture. India imports nearly half its requirement of phosphoric acid from there. Mahindra has a presence in the automobile and tractor segments and is exploring possibilities to expand in other sectors. It should set an example for other Indian companies to foray into Tunisia. Tata Motors, likewise, has a presence in Tunisia and the company also has expansion plans. Let me add that the new investment policy that came into force in Tunisia in January 2017 is a law. We are ensuring that investors are able to cut through bureaucracy. There are a host of incentives for foreign investors to come in, do business, transfer funds, and enjoy lower tax rates.
-H.E. Mr Nejmeddine Lakhal, Ambassador of Tunisia to India
NOVEMBER 2016
In Tunisia, a new investment code 2016 has been approved recently by the Assembly of the Representatives of the People (National Assembly). It allows foreign companies to freely transfer their foreign currency profits and assets and plans for numerous tax and financial advantages for companies operating in primary sectors or in the less favoured regions of the country. The new code sets a clear regulation regarding transfer of profits and assets of foreign companies which are implanted in Tunisia in order to significantly mitigate the discretionary power of the Central Bank in this regard. It also reduces time of transfer.
-Mr Jamel Boujdaria, CD'A, Embassy of Tunisia
OCTOBER 2017
An International Conference on Economic Support and Investment will be organised, in Tunis, Tunisia on 29 and 30November 2016. This conference represents a new opportunity for Tunisian and Indian businessmen to strengthen their partnership by implementation joint venture projects in several sectors. Therefore, we call Indian businessmen to seize this opportunity and participate at this important event et take benefit from the incentives and advantages offered by the new FDI legislation in Tunisia.
-H.E. Mr Tarek Azouz, Ambassador of Tunisia to India
JUNE 2016
So there is a new investment code we have incentives to attract investors, as India is doing Smart cities we have Smart Tunisia and we have Digital Tunisia and India is having Digital India so these are the similar scheme both countries are sharing.
-H.E. Mr Tarek Azouz, Ambassador of Tunisia to India