India announces $500 million assistance to Mauritius
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 13:57
He will hold delegation-level talks with Prime Minister Modi on Saturday, besides meeting Defence and Finance Minister Arun Jaitley. He added that the two nations need to keep up vigil against piracy that impacts trade and tourism, trafficking of drugs and humans, illegal fishing and other forms of illegal exploitation of marine resources.
He also said, the conclusion of the bilateral Maritime Security Agreement today, will further strengthen mutual cooperation and capacities between the two nations. India also agreed to provide a Line of Credit of United States dollars 500 million to Mauritius for various projects.
"India is proud to participate actively in the ongoing development activities in Mauritius", Modi said.
Dnyaneshwar M Mulay, Secretary, Overseas Indian Affairs in the Ministry of External Affairs, said both sides are pursuing the CECPA to help diversify the trade basket and address the balance of trade, which is now in India's favour. "The signing and ratification of the framework agreement on International Solar Alliance by Mauritius has opened up new vistas of regional partnership for both countries in this field", the Prime Minster concluded.
'We are truly honored excellency that you have chosen India for your first overseas visit after taking on a new responsibility as PM, ' said PM Modi in a joint press conference. Jugnauth is one among this huge number of people in Mauritius who are descendants of indentured Indian labour brought in the 19th century to work in sugarcane plantations.
His visit comes after the visit of then Mauritian Prime Minister Navin Ramgoolam in May 2014 for the swearing in of the NDA government at the Centre.
The Mauritian prime minister arrived on Friday for a three-day visit, during which he will hold meetings with his Indian counterpart Narendra Modi and President Pranab Mukherjee. "We applaud the leadership shown by Prime Minister Jugnauth in drawing attention to the importance of renewable energy".