Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The Indian Navy is in Mauritius for the 15th edition of the annual training program between India and Mauritius aimed at enhancing interoperability between the Indian and Mauritian Armed Forces.The Spokesperson of the Indian Navy shared the details on X. According to them, the Indian Navy Marine Commando and Diving Mobile Training Team (MTT) are in Mauritius for the 15th edition of the Special Forces and Diving Refresher Camp.The post noted that the program is 'tailor-made' to enhance interoperability between the two Armed Forces. "The MTT will train the Mauritius Police Force towards enhancing their capability to undertake Maritime Special Operations & Salvage at Sea", the post said.India has close, longstanding relations with Mauritius. Mauritius was one of the few important countries with which independent India established diplomatic relations in 1948, even before Mauritius gained independence.The leadership of the two countries enjoys a high level of trust and mutual ...
Mauritius Prime Minister Pravind Kumar Jugnauth on Friday thanked his Indian counterpart Narendra Modi for completing our decolonisation a day after the UK government announced to hand over sovereignty of the remote Chagos Islands in the Indian Ocean to the country. Jugnauth took to X to thank Modi as he wrote, Mauritius thanks the African Union @AfricanUnion, the Government of India @narendramodi and all friendly countries which have supported us in our fight for completing our decolonisation. The UK on Thursday announced a historic agreement that will see Britain hand over sovereignty of the remote Chagos Islands in the Indian Ocean to Mauritius while it retains the joint UK-US military base on Diego Garcia. The British Indian Ocean Territory (BIOT) status of the disputed archipelago, made up of around 60 islands, has been in contention for many years and negotiations over its future began under the previous Conservative Party government in 2022. British Prime Minister Keir Starm
Mauritius is inviting Indian Small and Medium Enterprises (SMEs) to set up their units in the island country to capitalise on duty-free export benefit under the African Growth and Opportunity Act (AGOA), an envoy said here. This AGOA offers duty-free shipments to the US market, presenting significant opportunities for Indian businesses, he said. Replying to a question, High Commissioner of Mauritius to India Haymandoyal Dillum said, "Indian industries should make the most of the AGOA agreement with African countries and the US." Dillum, who visited Kolkata on Saturday to attend a programme of the Bharat Chamber of Commerce, encouraged the leather industry to explore value-added opportunities in Mauritius to gain a competitive edge in the US market. The West Bengal leather sector has been facing a slowdown in traditional markets like the US and Europe due to a slowdown in the economy after the COVID-19 pandemic. Leather exports from West Bengal account for approximately Rs 6,000 cr
External Affairs Minister S Jaishankar has inaugurated India's first overseas Jan Aushadi Kendra in Mauritius, testifying the "close" bilateral cooperation, especially in the key health sector. Jaishankar was in Mauritius on a two-day visit from June 16 to 17, one of the first countries he visited in his current term as External Affairs Minister. On Wednesday, he jointly inaugurated India's first overseas Jan Aushadi Kendra with Mauritian Prime Pravind Kumar Jugnauth, "testifying to the close cooperation between our countries, especially in the important sector of health," the Ministry of External Affairs said in a statement. Jan Aushadhi Kendras have been set up to make affordable generic medicines available to all. "Delighted to inaugurate along with Prime Minister @KumarJugnauth the first overseas Jan Aushadi Kendra in Mauritius. This Aushadi Kendra is the delivery of the promise made by PM @narendramodi," Jaishankar said in a post on X. "The India-Mauritius health partnership
External Affairs Minister S Jaishankar on Tuesday arrived here for a two-day visit for productive engagements with the leadership of Mauritius to take forward the special bilateral ties. The visit to the Indian Ocean island nation marks one of the first bilateral engagements undertaken by Jaishankar following his re-appointment in the third term of Prime Minister Narendra Modi-led government. The visit underscores the importance of the India-Mauritius relationship and is a reflection of India's Neighbourhood First Policy', Vision SAGAR, and commitment to the Global South. He was received at the airport by Maneesh Gobin, Mauritius' Minister of Foreign Affairs, Regional Integration and International Trade. Namaste Mauritius! Thank Foreign Minister @ManeeshGobin for the warm welcome, Jaishankar posted on X along with the photographs. Look forward to productive engagements to take forward this special relationship, he added. Gobin reciprocated his post and said Jaishankar's visit ...
The nation of 1.26 million people is experiencing more climate change-related events and needs to mobilize 300 billion rupees to meet adaptation and mitigation goals
Catch all the latest updates from around the world here
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
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 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 ...
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
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 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 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
The two leaders will inaugurate these projects through video conferencing at 1 pm, a statement from the Prime Minister's Office said
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.
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
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
Industry players said more such funds could move to Gift City as the tax treatment is now at par with other global jurisdiction
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.