Will the India-Mauritius Partnership Endure Amid Global Economic Challenges?
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Synopsis
Discover how the enduring partnership between India and Mauritius is set to thrive amid global economic uncertainties. Prime Minister Dr. Navinchandra Ramgoolam emphasizes the immense potential for collaboration in trade, technology, and investment, ensuring a prosperous future for both nations.
Key Takeaways
- The India-Mauritius partnership is seen as a cornerstone for future cooperation.
- Trade between the nations is projected to reach $800 million by 2024.
- Focus areas include fisheries, marine energy, and technology.
- A Special Economic Zone is being established to attract Indian companies.
- Active participation from the private sector is crucial for achieving shared goals.
Mumbai, Sep 10 (NationPress) Dr. Navinchandra Ramgoolam, the Prime Minister of Mauritius, asserted on Wednesday that the India-Mauritius partnership is destined to endure, highlighting that the island nation stands as India's most reliable ally with immense business prospects.
He emphasized the need to fortify the historical, cultural, and economic bonds between India and Mauritius.
During a business conclave attended by Union Minister of Power and Urban Affairs, Manohar Lal Khattar, and various industry leaders, he made these remarks.
The event was organized by the Ministry of External Affairs (MEA), Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industries (CII), and the Mauritius Economic Development Board.
PM Ramgoolam noted that the India-Mauritius partnership is crucial for navigating the uncertainties of the global landscape.
He expressed hope for India's collaboration in areas such as fisheries, marine energy, and port development within the maritime economy.
The relationship between India and Mauritius is rooted in shared history, culture, language, and tradition, characterized by mutual respect, according to a statement from the Maharashtra government.
He also conveyed satisfaction regarding the progress achieved under the Comprehensive Economic Cooperation and Partnership Agreement (CECPA), which aims to enhance economic ties, boost trade in goods and services, and encourage mutual investment.
By 2024, trade between the two nations is projected to reach $800 million. He voiced the ambition to double Mauritius' exports from $50 million to $100 million and suggested that the trade imbalance could be mitigated through financial services, tourism, and India-Africa-Mauritius trilateral cooperation.
PM Ramgoolam indicated that the government of Mauritius is committed to establishing a Special Economic Zone, which will present new opportunities for Indian firms in sectors like information technology, artificial intelligence, high technology, health, education, and entertainment.
Referencing the 'India-Mauritius Joint Vision Document' from Prime Minister Modi's visit in March, he called for private sector involvement alongside government efforts in this vision based on shared prosperity, sustainability, and resilience.
During the event, Manohar Lal Khattar remarked that India-Mauritius relations extend beyond economics, being deeply rooted in cultural and social ties.
The CECPA has unveiled new pathways in trade, services, investment, and innovation, positioning India as a key trading partner for Mauritius.
He also noted that Mauritius has emerged as a significant source of Foreign Direct Investment in India and urged for the strengthening of historical, cultural, and economic connections between the two nations.
Point of View
The enduring India-Mauritius partnership exemplifies the importance of bilateral relations in an increasingly uncertain global economy. With a shared history and cultural ties, both nations stand to benefit from enhanced collaboration in trade and investment, reinforcing the notion that partnerships built on mutual respect and shared goals can weather any storm.
NationPress
10/09/2025
Frequently Asked Questions
What is the current trade value between India and Mauritius?
The trade value between India and Mauritius is projected to reach $800 million by 2024.
What sectors are expected to see increased cooperation?
Increased cooperation is expected in fisheries, marine energy, port development, and technology sectors.
What is the Comprehensive Economic Cooperation and Partnership Agreement (CECPA)?
The CECPA is an agreement aimed at strengthening economic ties, promoting trade in goods and services, and encouraging mutual investment between India and Mauritius.
