India announces USD 100 ml LoC for Mauritius

PORT LOUIS: India today announced a new Line of Credit of USD 100 million for defence procurement by Mauritius as the two sides signed many agreements on the second day of President Ram Nath Kovind’s visit here.

The agreements were signed after President Kovind held delegation-level talks with Mauritius Prime Minister Pravind Jugnauth and members of his Cabinet.

“India and Mauritius share common security concerns in the Indian Ocean Region…I am happy to announce today that India will supply a Multi-Purpose Offshore Patrol Vessel to Mauritius under a Line of Credit,” President Kovind said.

The other agreements/MoUs signed between the two sides include an MoU on cooperation between Nalanda University in Bihar and Mauritius; an MoU on the establishment of an Ayurveda Chair at the University of Mauritius; an MoU between the Union Public Service Commission (UPSC) in India and the Public Service Commission of Mauritius; and an agreement to facilitate cultural exchanges between the two countries. (AGENCIES)