Home >News >India >India offers $100 mn loan to Mauritius for defence acquisition

India and Mauritius on Monday consolidated their economic and strategic ties with a trade agreement which will help boost post-covid recovery and a $100-million line of credit for Male to procure defence equipment.

The two countries signed six agreements in the presence of visiting Indian foreign minister S. Jaishankar and Mauritius Premier Pravind Jugnauth. Deals were also signed to lease out a Dornier aircraft and an Advance Light Helicopter (ALH), besides setting up an 8MW solar power plant.

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The Dornier aircraft is currently used by the Indian Navy for coastal surveillance, pollution prevention, aerial survey, search and rescue, commuter transportation and evacuation operations. According to the Hindustan Aeronautics Ltd’s website, India had earlier supplied a Dhruv ALH to the Mauritius Police.

Jaishankar and Jugnauth also discussed steps for procuring covid-19 vaccines, and supporting Mauritius’ economic recovery in the wake of the pandemic, besides ensuring an “open and free" Indo-Pacific Ocean region, and ways to strengthen the rules-based international order and global governance institutions, including the UN. Mauritius also sought India’s help to exit the “grey" list of the Paris-based Financial Action Task Force, whose plenary session starts on Monday.

Jugnauth said the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) signed between the two countries was the first of its kind between India and an African country. “This landmark agreement is far reaching and unleashes new and expanded opportunities in trade in goods and services, investment, economic cooperation and technical assistance. The CECPA will encourage Indian entrepreneurs to invest in Mauritius and the whole region, consolidating our ambition of making Mauritius a strategic regional economic hub," Jugnauth added.

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