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India offers US$ 100 million line of credit to Mauritius to facilitate procurement of defence assets

IBEF:  February 23, 2021

On Monday, India granted Mauritius a US$ 100 million line of credit to facilitate the procurement of defence assets. Also, the two countries entered a Comprehensive Economic Cooperation Partnership Agreement.

External Affairs Minister, Mr. Jaishankar tweeted, “Policy SAGAR reaffirmed. Pleased to endure the exchange of US$ 100 million Defence Line of Credit along with PM @JugnauthKumar.” It would promote the acquisition of defence assets, driven by Mauritius' needs.

The two countries have exchanged letters on India's supply of Dornier aircraft and Dhruv helicopter to upgrade Mauritius' maritime surveillance capabilities.

“It is a big day for our strong alliance. Privileged to witness the announcement of the Comprehensive Economic Cooperation Partnership Agreement, along with PM @JugnauthKumar.” Mr. Jaishankar said in another tweet. He further said that with an African country, it is the first such agreement.

He added, “Our focus will be to support the post-pandemic economic recovery, allowing business to develop and boosting greater investment.”

On Sunday, Mr. Jaishankar also handed him over 100,000 additional doses of commercially procured 'Made in India' COVID-19 vaccines to Mauritius.

Mr. Jaishankar tweeted, “The helping hand of India - always across the horizon. Over 100,000 additional doses of commercially procured Made in India COVID-19 vaccines symbolically handed over to Mauritius.”

He also conveyed warm message from Prime Minister Mr. Narendra Modi to Prime Minister Mr. Jugnauth. He twitted, "Commend management of the pandemic under his leadership".

He stated in a different tweet about the detailed discussions on the implementation status of various infrastructure projects. “Appreciate the Mauritius efficiency side in taking them forward.”

During his visit to Mauritius, Mr. Jaishankar will review all areas of bilateral ties, the ongoing evaluation of new infrastructure projects undertaken by India, and hold discussions on bilateral, regional and global issues of mutual interest, including India's assistance to Mauritius.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.