India and Mauritius Finalize $680 Million Economic Package

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India and Mauritius Finalize $680 Million Economic Package
India and Mauritius Finalize $680 Million Economic Package

What You Need to Know

India and Mauritius have signed agreements to implement a $680 million economic assistance package, focusing on energy security and infrastructure development. The package includes budgetary support and community development projects, reaffirming India’s commitment to Mauritius’ growth. The leaders also discussed enhancing cooperation in various sectors.

Africa-Press – Mauritius. India and Mauritius concluded agreements on Thursday to implement projects under a $680 million economic assistance package provided by New Delhi, as external affairs minister S. Jaishankar and Mauritius Prime Minister Navinchandra Ramgoolam discussed ways to bolster cooperation across a range of areas.

The two leaders told a media interaction in Port Louis that both countries are finalising a government-to-government agreement on the supply of oil and gas by India to strengthen the energy security of Mauritius, especially against the backdrop of disruptions caused by the West Asia conflict.

The two leaders witnessed the finalisation of agreements for projects under the special economic package, which was announced during Ramgoolam’s visit to India last September. The package includes budgetary support of $25 million and several projects to be undertaken with a mix of grants and loans.

Jaishankar said the package reaffirms India’s commitment to the development of infrastructure, health and security in Mauritius. He also announced that India will post a defence attaché in Mauritius.

The two leaders inaugurated 11 India-backed community development projects in sectors such as sustainable development, energy, sports and infrastructure, and launched a “Karmayogi portal” for training Mauritian civil servants. This is the first such project implemented by India in a partner country to strengthen governance and administration.

India and Mauritius have maintained strong bilateral relations, with India being a significant partner in economic development. The $680 million aid package is part of India’s ongoing efforts to support Mauritius in various sectors, including energy security and infrastructure. This collaboration reflects the historical ties and mutual interests between the two nations, particularly in the context of regional stability and development initiatives. The recent agreements signify a deepening of this partnership, aimed at fostering sustainable growth and governance in Mauritius.

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