During the visit of India’s Prime minister, India and Mauritius unveiled a joint vision for an Enhanced Strategic Partnership and inked eight pacts to boost ties in several sectors.
- PM Narendra Modi was also honored with Mauritius' highest civilian award in recognition of his contributions to India-Mauritius relations.
Key Outcomes
- Cross Border Transactions in Local Currency: Agreement signed for Establishment of a Framework to Promote Use of Local Currencies for Cross-border Transactions.
- MAHASAGAR: India announced a new vision for Global South and named it "MAHASAGAR" or "Mutual and Holistic Advancement for Security and Growth Across Regions.
- It will focus on the spirit of trade for development, capacity building for sustainable growth, and mutual security for a shared future.
- Other: Signed agreement on sharing of maritime data, joint work in combating money laundering etc.
India-Mauritius Relations
- Diplomatic Relations: India established diplomatic relations in 1948.
- Trade: India has surplus trade with Mauritius (total trade was USD 554.19 mn in 2022-23.
- India-Mauritius signed Comprehensive Economic Cooperation and Partnership Agreement in 2021.
- FDI: Mauritius was the 2nd largest source of FDI into India for FY 2023-24, after Singapore.
- Cultural and People-to-People Ties: Indian origin people comprise nearly 70% of Mauritius.
- Mauritius hosts World Hindi Secretariat to promote Hindi in the world.
