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EYE ON INDIA MARCH 21, 2025 | The Indian Eye 8

MODI IN MAURITIUS

India and Mauritius sign pacts on trade in

national currencies to major investments

The two prime ministers agreed to promote investments in sunrise sectors like ocean economy,

pharmaceuticals, IT and Fintech, among others, to support Mauritius in diversification of its economy
for the long term and sustainable economic growth

OUR BUREAU jetty developed with Indian assistance
at Agalega and its critical role towards
Port Luis (Mauritius)
provisioning of emergency humanitar-
rime Minister Narendra Modi ian assistance in the aftermath of the
was on a two-day State Visit recent Cyclone Chido for the people
Pto Mauritius from March 11- of Mauritius in Agalega.
12. PM Modi was the Chief Guest at Ramgoolam thanked the Indian
Mauritius’ National Day for the sec- government for its timely and swift as-
ond time, an honour he first received sistance, including the deployment of
in 2015. During his visit, he held transport aircraft and ships, to aid the
meetings with the leaders and inter- efforts of the Mauritius government
acted with the Indian community in towards rehabilitation, thereby reaf-
Mauritius. firming India’s role as a ‘First Respond-
PM Modi and his Mauritius er’ for Mauritius in times of need.
counterpart Navinchandra Ramgool- Mauritius PM welcomed PM Mo-
am have agreed to facilitate trade di’s assistance in the development of
settlements in local currencies, viz Agalega for the welfare and benefit
Indian Rupee and Mauritian Ru- of its inhabitants. Both leaders un-
pee. The two leaders also agreed to derscored the significance of ongo-
hold the second session of the High ing infrastructure projects like Renal
Power Joint Trade Committee un- Mauritius Prime Minister Navinchandra Ramgoolam accompanies Prime Minister Narendra Transplant Unit, Forensic Science
der the Comprehensive Economic Modi to the Sir Seewoosagur Ramgoolam International Airport as he departs from Port Louis, Laboratory, National Archives and
Cooperation and Partnership Agree- Mauritius after his 2-day State Visit to the country, on Wednesday (ANI) Library and Civil Service College, and
ment (CECPA) to further strength- the High Impact Community Devel-
en trade, economic cooperation and opment Projects spread across Mau-
partnership between the two nations. Central Banks,” it added. ing the full potential of bilateral trade ritius and reiterated their full support
During the meeting held on PM Modi and Navinchandra for the shared objective of economic towards their timely completion.
March 11, the two leaders reaffirmed Ramgoolam agreed to ratify the Pro- growth and prosperity of Mauritius PM Modi and Navinchandra
that Mauritius and India share a “spe- tocol on Amendment of Double Taxa- and India.” Ramgoolam agreed to initiate imple-
cial and unique relationship” that is tion Avoidance Agreement at the ear- The two leaders noted that India mentation of the replacement of 100
unparalleled, given the shared bonds liest to harmonise with International has been the leading development km water pipeline in Mauritius under
of history, language, culture, heritage, Standards on treaty abuse, after ongo- partner for Mauritius since its inde- the first INR denominated Line of
kinship, and values. ing discussions are concluded. pendence and has contributed signifi- Credit agreement concluded between
The ‘India-Mauritius Joint Vision The two leaders agreed to pro- cantly towards its infrastructure and the two sides, according to the state-
for an Enhanced Strategic Partner- mote investments in sunrise sectors developmental needs. “Highlighting ment released by Prime Minister’s
ship’ released by the Prime Minister’s like ocean economy, pharmaceuticals, India’s support in successfully imple- Office. The two leaders agreed to ex-
Office stated, “Reiterating their firm IT and Fintech, among others, to sup- menting several high profile infra- plore new areas of development co-
commitment to diversify the trade and port Mauritius in diversification of its structure projects, such as India-Mau- operation according to the needs and
commercial linkages between the two economy for the long term and sus- ritius Metro Express Project, New priorities of Mauritius government.
countries, the leaders agreed to: Hold tainable economic growth. Supreme Court Building, New ENT Both leaders agreed to finalise
the second session of High Power India-Mauritius Joint Vision for Hospital, 956 Social Housing Units, discussions on the new Parliament
Joint Trade Committee under CECPA an Enhanced Strategic Partnership and Educational Tablets, among oth- building on a site to be identified by
to further strengthen trade, economic stated, “Acknowledging that the con- ers, the Prime Minister of Mauritius the Mauritius government, and con-
cooperation and partnership between clusion of the Comprehensive Eco- expressed gratitude for India-aided clude a framework understanding to
the two countries.” nomic Cooperation and Partnership projects that form part of the Mauri- implement the project with India’s
“Facilitate trade settlements in Agreement (CECPA), India’s first tian landscape across various sectors grant assistance. The two leaders
local currencies, viz Indian Rupee ever trade agreement with a country and have benefited all sections of agreed to finalise discussion on the re-
and Mauritian Rupee, which will work in African region, marked a major Mauritius over the years,” the state- development of the Ganga Talao Spir-
towards derisking bilateral trade, pur- milestone in the economic and trade ment read. itual Sanctuary and conclude a frame-
suant to signing of an MoU on Local relations of both countries, the lead- The two leaders acknowledged work understanding to implement this
currency Settlement by the partner ers underscored the need for exploit- the benefits of the new runway and project with India’s grant assistance.

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