27 May 2017

India announces $500 mn assistance to Mauritius

India announces $500 mn assistance to Mauritius

India announced a $500 million line of credit to Mauritius as the two countries resolved to deepen ties in a range of areas including the maritime domain. The two countries also signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth. 
In a statement, Modi stated he and Jugnauth agreed that effective management of conventional and non-conventional threats in the Indian Ocean is essential to pursue economic opportunities.

Static Takeaways for SBI PO Mains Exam-
  • Ameenah Gurib-Fakim is present President of Mauritius
  • Port Louis is the capital city of Mauritius.
  • The Mauritian Rupee is the currency of Mauritius.
Source- Economics Times

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