Bigger India
India extends $100 million line of credit to Mauritius
Mauritius is one of India’s closest partners in the IOR and also has close links with France. It will be a key pillar in Indo-French partnership in IOR, officials said.
India has extended a $100-million line of credit (LoC) to Mauritius for defence capacity building, as part of its Indian Ocean Region outreach that focuses on maritime security and developing the ‘blue economy’.
Under the agreement announced on Monday by President Ramnath Kovind, who is on a visit to the island nation, Mauritius will use the funds to finance purchase of a multi-purpose offshore patrol vessel from India. The agreement includes an additional grant component of $5 million.