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         Investment Opportunities in
                       Madagascar

       The Best Investmen...
Trisha Property Services
                           Global Real Estate Solutions

                          DOING BUSINESS...
Trisha Property Services
                           Global Real Estate Solutions

Since the 16th century French and Britis...
Trisha Property Services
                           Global Real Estate Solutions

About 41% of the Malagasy are Christian,...
Trisha Property Services
                           Global Real Estate Solutions

In 1947, with French prestige at low ebb...
Trisha Property Services
                           Global Real Estate Solutions


Investing in Madagascar:

Madagascar is...
Trisha Property Services
                           Global Real Estate Solutions


The country promulgated laws aiming to ...
Trisha Property Services
                          Global Real Estate Solutions

Priority investments in Madagascar
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Investment Opportunities In Madagascar

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Investment Opportunities In Madagascar

  1. 1. www.tpsworldwide.com Investment Opportunities in Madagascar The Best Investment Place in African Region 2009 A Joint Initiative and Investment Programme from Govt Of Madagascar & Trisha Property Services, INDIA
  2. 2. Trisha Property Services Global Real Estate Solutions DOING BUSINESS IN MADAGASCAR About Madagascar: Profile of Madagascar: Madagascar, the Red Island, the Rainbow Island, the Eighth Continent, there are many names for the world's 4th largest island. Madagascar is situated in the south western area of the Indian Ocean east of the coast of Africa about 400 km off the coast of Mozambique. The island is recognized as one of the world's top ten hotspots for biodiversity. Madagascar is the world's fourth largest island -- about size the size of Texas or France -- and has been isolated from the African mainland for over 160 million years. The country is home to some 17,000,000 people in addition to some of the planet's most unique biodiversity. Madagascar is a land like no other. An island roughly the size of Texas or France, Madagascar is home to more than 250,000 species of which 70% are found nowhere else on the globe. Madagascar is inhabited by various ethnic groups of Malayo-Indonesian, mixed African and Malayo-Indonesian, and Arab ancestry. Five centuries before the Europeans discovered the island Malayo-Indonesian seafarers arrived in roughly the first century A.D., the Arabs followed in the 6th century to establish trading posts. Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA
  3. 3. Trisha Property Services Global Real Estate Solutions Since the 16th century French and British influence left its mark.In October 1958 the Malagasy Republic was proclaimed as an autonomous state within the French Community and gained full independence in June 1960. Like many former colonial countries Madagascar went through various political states like uprisings, provisional governments, single-party rule, socialist economic policies, and threat of secession. Today the country is on a slow and steady economical and political growth path from an extremely low level. People and History Madagascar's population is predominantly of mixed Asian and African origin. Research suggests that the island was uninhabited until Indonesian seafarers arrived in roughly the first century A.D., probably by way of southern India and East Africa, where they acquired African wives and slaves. Subsequent migrations from both the Pacific and Africa further consolidated this original mixture, and 18 separate tribal groups emerged. Asian features are most predominant in the central highlands people, the Merina (3 million) and the Betsileo (2 million); the coastal people are of more clearly African origin. The largest coastal groups are the Betsimisaraka (1.5 million) and the Tsimihety and Sakalava (700,000 each). The Malagasy language is of Malayo-Polynesian origin and is generally spoken throughout the island, with significant regional variations. French is spoken among the educated population of this former French colony. English is becoming more widely spoken, and in 2003 the government began a pilot project of introducing the teaching of English into the primary grades of 44 schools, with hopes of taking the project nationwide. Most people practice traditional religions, which tend to emphasize links between the living and the dead. They believe that the dead join their ancestors in the ranks of divinity and that ancestors are intensely concerned with the fate of their living descendants. The Merina and Betsileo reburial practice of famadihana, or "turning over the dead" celebrate this spiritual communion. In this ritual, relatives' remains are removed from the family tomb, rewrapped in new silk shrouds, and returned to the tomb following festive ceremonies in their honor. Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA
  4. 4. Trisha Property Services Global Real Estate Solutions About 41% of the Malagasy are Christian, divided almost evenly between Roman Catholic and Protestant. Many incorporate the cult of the dead with their religious beliefs and bless their dead at church before proceeding with the traditional burial rites. They also may invite a pastor to attend a famadihana. While many Christians continue these practices, others consider them to be superstitions that should be abandoned. Many of the Christian churches are influential in politics. In the coastal regions of the provinces of Mahajanga and Antsiranana (Diego Suarez), Muslims constitute a significant minority. Muslims are divided between those of Malagasy ethnicity, Indo-Pakistanis, and Comorans. The written history of Madagascar began in the seventh century A.D., when Arabs established trading posts along the northwest coast. European contact began in the 1500s, when Portuguese sea captain Diego Dias sighted the island after his ship became separated from a fleet bound for India. In the late 17th century, the French established trading posts along the east coast. From about 1774 to 1824, it was a favorite haunt for pirates, including Americans, one of whom brought Malagasy rice to South Carolina. Beginning in the 1790s, Merina rulers succeeded in establishing hegemony over the major part of the island, including the coast. In 1817, the Merina ruler and the British governor of Mauritius concluded a treaty abolishing the slave trade, which had been important in Madagascar's economy. In return, the island received British military and financial assistance. British influence remained strong for several decades, during which the Merina court was converted to Presbyterianism, Congregationalism, and Anglicanism. The British accepted the imposition of a French protectorate over Madagascar in 1885 in return for eventual control over Zanzibar (now part of Tanzania) and as part of an overall definition of spheres of influence in the area. Absolute French control over Madagascar was established by military force in 1895-96, and the Merina monarchy was abolished. Malagasy troops fought in France, Morocco, and Syria during World War I. After France fell to the Germans, the Vichy government administered Madagascar. British troops occupied the strategic island in 1942 to preclude its seizure by the Japanese. The Free French received the island from the United Kingdom in 1943. Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA
  5. 5. Trisha Property Services Global Real Estate Solutions In 1947, with French prestige at low ebb, a nationalist uprising was suppressed after several months of bitter fighting. The French subsequently established reformed institutions in 1956 under the Loi Cadre (Overseas Reform Act), and Madagascar moved peacefully toward independence. The Malagasy Republic was proclaimed on October 14, 1958, as an autonomous state within the French Community. A period of provisional government ended with the adoption of a constitution in 1959 and full independence on June 26, 1960. GOVERNMENT: In March 1998, Malagasy voters approved a revised constitution. The principal institutions of the Republic of Madagascar are a presidency, a parliament, a prime ministry and cabinet, and an independent judiciary. The president is elected by direct universal suffrage for a 5-year term, renewable twice. The last presidential election was held on December 3, 2006. In Madagascar, the parliament has two chambers; the National Assembly and the Senate. The last National Assembly election was held on September 23, 2007, and marked a significant reform to the parliament. The National Assembly previously had 160 members, elected for a four-year term in single-member and two-member constituencies. However, in July 2007, just before the National Assembly elections, a council of ministers agreed to reduce the number of parliamentarians from 160 to 127. Consequently, few of the 116 districts elected more than one member. Antananarivo's six districts, however, each elected two deputies. The Senate has 33 members, with 22 members elected for a six-year term, 1 for each province by provincial electors, and 11 members appointed by the president. The prime minister and members of parliament initiate legislation, and the government executes it. The president can dissolve the National Assembly. For its part, the National Assembly can pass a motion of censure and require the prime minister and council of ministers to step down. The Constitutional Court approves the constitutionality of new laws. In an effort to decentralize administration, the country's six provinces were dissolved in the constitutional referendum of 2007, in favor of 22 regions designated previously in 2004. Decentralization is a key element of Madagascar's development plans, and the transition is an ongoing Process. Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA
  6. 6. Trisha Property Services Global Real Estate Solutions Investing in Madagascar: Madagascar is blessed and naturally granted with a numerous quantity of resources that can help its own growth. Wide cultivable lands are available for diversified products: Cereals, fruits and vegetables for food, Cotton and sisal for raw materials; Jathropha, gold mines, and oil for Energy. All these natural wealth can generate projects. The architecture of Madagascar is carved in the beauty and strength of its own precious wood like purple wood, ebony or rose wood. Fine designs for furniture and handicrafts source their inspiration from ancestral traditions. Thanks to its rich ancestral past, Madagascar has inherited a unique culture, art and social behavior. Varied origins influenced the population to build its own art and architecture. Diversified tribes, with their own specific customs make the country a beautiful rainbow of culture: a wealth that should be discovered and be displayed to the world. In the era of globalization and modernization, conservation of its unique art and attracting architecture is one of the most challenging targets to reach satisfactory accomplishment to the developing need of the country. Madagascar has always given a prime priority for its customs and social behaviors. “The people in Madagascar are proud to have their own festivals and social activities that make the country worth to be discovered in every aspect!” Many animal and floral species have developed their own characteristic through many geographic changes and secular evolution. Madagascar's isolation has allowed a unique and rich diversity of wildlife to evolve, which resulted in the formation of many sub species in both animal and plant kingdom. Lemurs and crocodile are the major attractions along with the diversity of endemic plants. Biological and Geological events have designed the island into a beautiful combination of plains, plateaus, beaches, meadows, deserts and valleys of golden springs! Step forward, get in depth, and discover right in its heart, an infinite source of precious stones, and varied minerals: such as emerald, sapphire, tourmaline, mercury, mica, chromate, quartz, natural coal, gold nuggets, graphite, salt and much more! Unexpected surprises are waiting for you, in each and every side where you step forward. Isn’t Madagascar a treasure island? Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA
  7. 7. Trisha Property Services Global Real Estate Solutions The country promulgated laws aiming to maximize the rentability of the exploitation of the natural resources; laws which protect the owners, and allow all the actors of the field, to evolve in full confidence. Investing in Madagascar can be quite profitable, especially if you invest in the diamond industry. Many of the industries include government investments. There are a number of small scale industries which are mainly run by individuals or by communities in the rural area. Foreign investment plays a great role in Madagascar economy. Government supports foreign investment in Madagascar. Investing in Madagascar has not been easy enough foreign investors in the past. However, with every passing day, new foreign investments in Madagascar are coming up, which indicates that the investment climate has been improved by the government. Direct foreign investment is emphasized. About 50% of the EPZ companies are European, 20% are Mauritian, 20% Asian and 5% bare Malagasy. Finally 4% of the EPZ companies are US. These companies provide job opportunities to a great extent. The Ministry of Industry has declared that more and more foreign companies are showing interest to invest in Madagascar. The cheap and well-trained labor force also attracts foreign companies. World Bank, USAID and BAMEX are working in the mining sector along with the Ministry of Energy and Mining. Foreign investment was free during the privatization process. Foreign investment is neither prohibited nor controlled. At the time of initial investment there is no discrimination between foreign investors and local investors. Funds like investment loans, loan repayments, earnings, lease payments and others, which are associated with foreign investment, can be converted or transferred. Investment in Madagascar is easy enough as inflow and outflow of fund of remittances for capital, debt service, profits or intellectual property are not prohibited or limited. Investing in Madagascar thus becomes easy and smooth. Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA
  8. 8. Trisha Property Services Global Real Estate Solutions Priority investments in Madagascar • Agriculture ( Organic Farming ) • Mining Projects. • Communication and Information Technology ( CIT ) • Malagasy Identity Card (Smart Card ) • Tourism • Energy ( Solar,Wind,Hydro,Thermal ) • Industries (Cement,Textile,Floriculture,Fishery,) • Hospital Project • Real Estate Development (Low cost housing ) • Finance and Leasing Interested Companies may kindly contact: INDIA Mr.J.P.Krishna Prasad MD- Development & Acquisitions Trisha Property services (Worldwide) Email- jpk@tpsworldwide.com www.tpsworldwide.com Mobile +91 9944 322589 Madagascar Mr.Saravanan Ramdoss Siege Social .67,Ha Nord Est PresLogt 1565, Antananarivo -101 Madagascar Email- saravanan@tpsworldwide.com www.tpsworldwide.com Mobile +261 3311 22879 Trisha Property Services No-7/A2, Kamaraj Colony 3 Rd Cross, Hosur -635109 Tamilnadu, INDIA Email – info@tpsworldwide.com www.tpsworldwide.com INDIA | SHARJAH |MAURITIUS | MADAGASCAR | CHINA | AUSTRALIA

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