Business updates

Mauritius and India have embarked on new avenues of bilateral cooperation with the signing of the Comprehensive Economic Cooperation and Partnership Agreement (CECPA), today, at the Receptorium of the National Assembly in Port Louis.

Prior to the signing of the CECPA, the Prime Minister of the Republic of Mauritius, Mr Pravind Kumar Jugnauth had a Tête-à-Tête with the External Affairs Minister of India, Dr Subrahmanyam Jaishankar, at the New Treasury Building, Port Louis.​

Dr Subrahmanyam Jaishankar proceeded with a symbolic handing over of 100 000 Covishield vaccines commercially procured by Mauritius. 

The exchange of six Agreements signed between India and Mauritius was on the programme. They are as follows:

• A Line of Credit Agreement of USD100 M with the Government of India and a grant of USD5M. The loan proceeds and the grant will be used to procure defence related equipment, including a New Coastal Surveillance Radar System; 
• A letter of exchange for the lease of a Passenger Variant Dornier; 
• A letter of exchange for the lease of Advanced Light Helicopter;
• A letter of exchange on the support towards the construction of the Renal Transplant Unit;
• A Contract Agreement for the 8MWac Solar PV Farm Project at Tamarind Falls, Henrietta (Phase II)
• A Memorandum of Understanding (MoU) in the field of Consumer Protection and Legal Metrology.

Read full communique here.

Source: GIS