India inks 4 pacts with Mauritius during Jugnauth's visit
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E-mail Xinhua, May 27, 2017
India on Saturday inked four pacts with Mauritius, including one on extending 500 million U.S. dollars credit line to the island nation, as Prime Minister Narendra Modi held talks with his Mauritian counterpart Pravind Jugnauth in Delhi.
The line of credit agreement was sealed between SBM Mauritius Infrastructure Development Co. Ltd and Export-Import Bank of India.
Among the other agreements signed between the two countries, one was on maritime security aimed at bolstering ties in the maritime domain.
The pacts were all inked at the iconic Hyderabad House in the heart of the national capital.
"A relationship marked by age-old ties of friendship and deep mutual respect. PM@narendramodi receives PM Pravind Kumar Jugnauth at Hyderabad House," External Affairs Ministry spokesperson Gopal Baglay tweeted.
Later in a statement, the Indian prime minister said that a strong developmental partnership with Mauritius "is a hallmark of our engagement."
"India is proud to participate actively in the ongoing development activities in Mauritius. The agreement today on a 500 million U.S. dollars Line of Credit from India to Mauritius is a good example of our strong and continuing commitment towards the development of Mauritius. It will also help in the implementation of priority projects," Modi said.
He said that he and the visiting Mauritian prime minister concurred that effective management of conventional and non-conventional threats in the Indian Ocean is essential to pursue economic opportunities.
Apart from bilateral issues, Modi said that he and Prime Minister Jugnauth also exchanged views on a range of regional and global issues.
"We agreed to continue supporting each other in multilateral fora and cooperate closely on our common challenges and interests."
On his part, Jugnauth said: "The already excellent bonds between Mauritius and India have taken on a new dimension since I became prime minister."
Earlier in the day, the visiting Mauritian leader, who arrived in the Indian capital on Friday on a three-day state visit, was accorded a ceremonial welcome at Rashtrapati Bhavan (Indian president's official residence).
It is Jugnauth's first foreign visit as prime minister. Modi visited the island nation in March 2015 as chief guest at the Mauritian National Day celebrations.
Mauritius is the largest source of foreign direct investment into India with an inflow of over 110 billion U.S. dollars. On the other hand, more than 100 Indian companies are doing business in the island nation.
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