Page 3 - India Mauritius Ties

India receives highest FDI from Singapore in 2023-24, Mauritius follows

India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5 per cent due to global economic uncertainties, according to the latest government data. Though FDI from Singapore has dipped by 31.55 per cent to USD 11.77 billion in 2023-24, India has attracted the maximum inflows from that country, the data showed. During the last fiscal, FDI equity inflows decreased from major countries, including Mauritius, Singapore, the US, the UK, UAE, Cayman Islands, Germany, and Cyprus. However, investments increased from the Netherlands and Japan. Since 2018-19, Singapore has been the largest source of such investments for India. In 2017-18, India attracted the maximum FDI from Mauritius. According to experts, after the India-Mauritius tax treaty amendment, Singapore has emerged as the preferred jurisdiction for investment in India. Rumki Majumdar, Economist, Deloitte India, said that as one of t

Govt assisting five nations develop early warning systems, says IMD chief

India is helping Nepal, Maldives, Sri Lanka, Bangladesh and Mauritius develop early warning systems to reduce the loss of life and property due to extreme weather events, IMD chief Mrutyunjay Mohapatra has said. In a conversation with PTI editors, the India Meteorological Department (IMD) director general said India will play the role of a big brother and a peer advisor to Nepal, Maldives, Sri Lanka, Bangladesh and Mauritius in the efforts to guard against the impact of extreme weather events. India's efforts are part of the 'Early Warnings for All' initiative announced by the United Nations in 2022 to ensure that everyone is protected from hazardous weather, water or climate events through life-saving early warning systems by the end of 2027. Mohapatra said India is helping five of the 30 countries identified across the world for the first phase of the initiative of establishing early warning systems. "Fifty per cent of the countries do not have an early warning system. The poor .

Mauritius is ensuring transparency, there are no shell companies: Minister

Mauritius is ensuring transparency in the financial services sector and there are no shell companies there, Mauritian minister Soomilduth Bholah has said as he pitched the island nation as the platform for Indian companies to tap the African market. In an exclusive interview to PTI in the national capital, Bholah said that Mauritius is looking for investments from India, which he described as an economic powerhouse. Mauritius always promotes good governance and focused on transparency. The country would love to learn from India in each and every sector, the Mauritius Financial Services and Good Governance Minister said. The island nation, which has a long standing strong bilateral ties with India, is mainly looking for collaborative opportunities in the fintech space. "It is a pleasure to be in India. I would say that while India is important for Mauritius, Mauritius is also important for India, especially in the financial services sector," he said. In response to a query on ...

Prez Murmu conferred with Doctor of Civil Law by University of Mauritius

President Droupadi Murmu was on Tuesday conferred with the honorary degree of Doctor of Civil Law by the University of Mauritius, demonstrating the depth of bilateral ties. Murmu, 65, is here on a three-day state visit during which she will be the chief guest at the country's National Day celebrations on Tuesday. "A special honour emblematic of the depth of India-Mauritius relations! President Droupadi Murmu @rashtrapatibhvn conferred with the Honorary Degree of Doctor of Civil Law by @UniOfMauritius," the Ministry of External Affairs posted on X. In her address, President Murmu exhorted Mauritian youth to stay connected with India to nourish their proud past and invest in their bright future, it said. She conveyed best wishes from the people of India on Mauritius' National Day. "I feel especially honoured to receive the honorary degree of Doctor of Civil Law from this prestigious university today. I hope that it will inspire all young people, particularly young women to discover

India approves OCI card for 7th gen Indian-origin Mauritians: Prez Murmu

The President also highlighted India-assisted development projects in Mauritius and said that these projects are a testament to India's support to Mauritius

PM Modi, Mauritian PM inaugurate development projects in Mauritius

PM Modi said India has extended a credit line of $1 billion, and $400 million worth of assistance to the people of Mauritius in the last 10 years

India, Mauritius natural partners in dealing with challenges: PM Modi

India and Mauritius are natural partners in the maritime domain to deal with traditional and non-traditional challenges in the Indian Ocean region, Prime Minister Narendra Modi said on Thursday after virtually inaugurating a number of New Delhi-assisted development projects in the island nation. The prime minister also announced that Mauritius will be the first country to join India's Jan Aushadhi scheme, an initiative rolled out to provide quality medicines at affordable prices. At a virtual ceremony, Modi and his Mauritian prime minister counterpart Pravind Jugnauth inaugurated several community development projects at the Agalega Island in Mauritius that were implemented with India's financial assistance. The projects included an airstrip and a jetty. In his brief address at the event, Modi described Mauritius as an important partner under India's 'Neighbourhood First' policy, noting that the two countries achieved "new heights" in mutual cooperation in the last few years. He a

PM Modi, Mauritian counterpart inaugurate projects in Agalega Island

The two leaders will inaugurate these projects through video conferencing at 1 pm, a statement from the Prime Minister's Office said

UPI payments launched in Sri Lanka, Mauritius to boost economic ties

India's Unified Payment Interface (UPI) services were on Monday rolled out in Sri Lanka and Mauritius during a virtual ceremony attended by Prime Minister Narendra Modi and the top leadership of the two island nations. Mauritian PM Pravind Jugnauth and Sri Lanka's President Ranil Wickremesinghe joined Modi at the virtual ceremony. The launch of the Indian services in Sri Lanka and Mauritius came amid New Delhi's increasing bilateral economic ties with the two countries. The launch enables the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius as well as for Mauritian nationals travelling to India.

UPI to be launched in Sri Lanka, Mauritius on Monday in virtual ceremony

India's Unified Payment Interface (UPI) services will be rolled out in Sri Lanka and Mauritius at a virtual ceremony on Monday that will be witnessed by Prime Minister Narendra Modi and the top leadership of the two island nations. India's RuPay card services would also be launched in Mauritius at the event Mauritian PM Pravind Jugnauth and Sri Lanka's President Ranil Wickremesinghe will join Modi at the virtual ceremony, according to the Ministry of External Affairs (MEA). "Prime Minister Narendra Modi, President of Sri Lanka Ranil Wickremesinghe and Prime Minister of Mauritius Pravind Jugnauth will witness the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius on February 12 at 1 PM via video conferencing," it said. Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones. RuPay is a global card payment

Ram Temple: Mauritian govt gives special break on Jan 22 for celebrations

Prime Minister Narendra Modi is set to attend the ceremonial installation of the idol of Shri Ram Lalla inside the sanctum sanctorum of the grand temple on January 22

Alchemy India Long Term Fund relocates from Mauritius to Gift City IFSC

Industry players said more such funds could move to Gift City as the tax treatment is now at par with other global jurisdiction

India, Mauritius review vostro account mechanism, implementation of CECPA

India and Mauritius carried out a comprehensive review of their overall ties including the vostro account mechanism for settlement of trade transactions and the proposed launch of Indian Unified Payments Interface (UPI) system and RuPay card in the African country. The two sides took stock of the bilateral cooperation during Foreign Secretary Vinay Kwatra's three-day visit to Mauritius that concluded on Friday. The Indian High Commission in Port Louis said the two sides also delved into their Comprehensive Economic Cooperation and Partnership Agreement (CECPA), which was inked on February 22, 2021. Kwatra on Thursday called on Prime Minister Pravind Kumar Jugnauth and discussed bilateral cooperation in areas of capacity building, trade and investment. It was the foreign secretary's first official visit to Mauritius, a key partner and trusted friend of India under India's 'neighbourhood first' policy and SAGAR (Security and Growth For All in the Region) vision for the Indian Ocean.

HAL hands over advanced light helicopter to Mauritius ahead of schedule

"HAL would provide all the necessary technical, logistic, and maintenance support for ALH helicopter in Mauritius," the PSU said in a statement

India, Mauritius discuss cooperation in area of urban development

India and Mauritius on Friday discussed cooperation between the two countries in the area of urban development and to strengthen it further.Union Minister for Housing & Urban Affairs, Hardeep Singh Puri met his Mauritian counterpart Louis Steven Obeegadoo and vowed to strengthen cooperation between the two countries."Received the Deputy PM and Minister Housing & Land Use Planning of Mauritius HE Louis Steven Obeegadoo in my office today. We discussed the ongoing cooperation between our two countries in the area of urban development & strengthening it further," tweeted Puri.India-Mauritius relationship is very significant for India's geostrategic policies in the Indian Ocean Region.Recently, India and Mauritius jointly inaugurated an India-assisted social housing units project in Mauritius virtually as part of India's development support.In recent years, India has stepped up its engagement with Africa. Mauritius is an important partner among the Indian Ocean littoral .

Jaishankar meets Mauritius PM, discusses thriving relations between nations

External Affairs Minister Dr S Jaishankar on Friday (local time) met with the Mauritius Prime Minister Pravind Jugnauth in Rwanda and discussed the thriving relations between the two countries

EAM Jaishankar calls on Mauritius PM Pravind Jugnauth on Twitter

Mauritius Prime Minister Pravind Jugnauth is on an eight-day visit to India, arrived in Rajkot, Gujarat, on Monday

Mauritius PM Pravind Jugnauth to arrive in India today for 8-day visit

Mauritius Prime Minister Pravind Kumar Jugnauth accompanied by his spouse Kobita Jugnauth and a high-level delegation will arrive in India for an eight-day visit starting Sunday.

India, Mauritius FTA to come into effect from Apr 1

Several Indian products will enjoy the benefit of greater market access at concessional duties in Mauritius as the FTA signed between the two countries will come into effect from April 1

Mauritius to receive consignment of Indian-made coronavirus vaccine Covaxin

Mauritius will receive a consignment of Covaxin, India's indigenously developed COVID-19 vaccine, on Friday, announced the High Commission of India in Port Louis on Thursday.Taking to Twitter, the High Commission said that India stands strong with Mauritius in the tough times, describing it as 'a time-tested and enduring partnership'."Mauritius arms itself with COVAXIN, India's indigenously developed vaccine, in its fight against COVID19. India stands strong with Mauritius in these tough times. Consignment to arrive tomorrow. A time-tested and enduring partnership," tweeted India in Mauritius.The Indian High Commission in Mauritius also said that Covaxin is effective against the UK variant and other heterologous strains."Developed & manufactured by @BharatBiotech, COVAXIN has demonstrated 81% interim efficacy in preventing COVID19. COVAXIN is effective against UK variant strain & other heterologous strains. EUA received in 8 countries till date, 20 more to follow," it said