India-Mauritius Strengthen Ties with Strategic Economic Pacts

During Prime Minister Modi's visit to Mauritius, significant agreements will bolster economic ties. The launch of RuPay and UPI aims to enhance tourist inflows. Bilateral trade, cross-border financial crime prevention, and SMEs will be key focal points. Mauritius seeks economic diversification, including a sports economy.

India and Mauritius are expected to finalize crucial agreements to strengthen economic collaboration during Prime Minister Narendra Modi's two-day state visit. The Indian High Commissioner, Anurag Srivastava, emphasized the significance of launching RuPay cards and the Unified Payment Interface (UPI) to boost tourist activity in the region.

The two nations aim to enhance their existing economic relationship through discussions around expanding trade, facilitated by the 2021 Comprehensive Economic Cooperation and Partnership Agreement—the first of its kind between India and an African country. In FY 2023-24, trade between the countries reached over USD 851 million, with significant exports from India.

Mauritius aspires to diversify its economy, venturing into areas like the sports economy. Key agreements are anticipated to cover bilateral trade, financial crime prevention, and SME support. Modi's visit is timely for setting the future direction of bilateral relations and inaugurating Indian-assisted development projects.

(With inputs from agencies.)