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India Mauritius Ties
India is finalising an agreement for the supply of oil and gas to Mauritius to strengthen its energy security amid the crisis due to the West Asia conflict, External Affairs Minister S Jaishankar said here on Thursday. Jaishankar, who is in Mauritius to attend the 9th Indian Ocean Conference, said the ongoing crisis in West Asia as Mauritius Prime Minister Navin Ramgoolam reminded him, has underscored the importance of strategic partnerships, especially in the energy sector. The West Asia war and Iran's chokehold of the Strait of Hormuz, a vital waterway through which a fifth of global oil passes, had halted shipping and sent global oil prices soaring. "We are finalising a government-to-government agreement for the supply of oil and gas, which will play an important role in reinforcing energy security for Mauritius," he said. Jaishankar said he was also pleased to note that an Indian public sector enterprise was developing the country's first floating solar power project. "India a
Mauritius Prime Minister Navinchandra Ramgoolam on Monday called Prime Minister Narendra Modi and reaffirmed the commitment to further strengthen the relationship between the two nations. Modi told Ramgoolam that he looked forward to welcoming him to India next week for the AI Impact Summit. "Happy to receive a phone call from my friend, Prime Minister Dr. Navinchandra Ramgoolam. We reviewed progress in the wide-ranging cooperation between India and Mauritius since our memorable meeting in Varanasi last year," Modi said in a post on X. Modi said he and Ramgoolam reaffirmed the commitment to further strengthen the special, historic and people-centric ties that unite the two nations. "India and Mauritius will continue to work together to achieve shared objectives of peace and stability in the Indian Ocean Region," Modi said.
India on Thursday announced an over USD 655 million special economic package for Mauritius and signed seven pacts to further expand bilateral ties in several critical sectors with Prime Minister Narendra Modi describing the two countries as not just partners but a family. Following talks with his Mauritian counterpart Navinchandra Ramgoolam, Modi said a free, open, stable and prosperous Indian Ocean is a shared priority for both sides and India remains fully committed to strengthening the security of Mauritius's exclusive economic zone. Modi also said that both sides will work towards enabling bilateral trade in local currencies following successful launch of UPI and RuPay cards in Mauritius. Under the special economic package, India will assist Mauritius implement at least 10 projects that include strengthening key infrastructure like port, airport, and roads and to set up new schools and hospitals. "This package is not an assistance. It is an investment in our shared future," Mod
Reserve Bank and the Bank of Mauritius (BOM) have signed a pact for establishing a framework to promote the use of the Indian Rupee and the Mauritian Rupee (MUR) for cross-border transactions. The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K, the central bank said in a statement on Tuesday. "The MoU documents were exchanged in Port Louis, Mauritius in the presence of the Prime Minister of India Narendra Modi and Prime Minister of Mauritius Navinchandra Ramgoolam, on Wednesday, March 12, 2025," it said. The RBI said the MoU aims to promote the use of INR and MUR in bilateral trade. The MoU covers all current account transactions and permissible capital account transactions as agreed upon by both the countries. The framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn, would enable the development of a market in the INR-MUR pair. Use of lo