India grants Mauritius MRU 19.5 billion for Light Rail Transit project
The Indian Minister, currently on an official visit to Mauritius, was the Chief Guest on the official ceremony commemorating the 180thAnniversary of the Arrival of Indentured Labourers in Mauritius at the Aapravasi Ghat in Port Louis, organised by the Ministry of Arts and Culture. (Image: Diplomacy India)
India has agreed to grant a line of credit of USD 200 million (approximatively MRU 6.4 billion) to Mauritius as regards the Light Rail Transit project. An additional amount of 450 million dollar loan (approximatively MRU14.4 billion) from EXIM Bank of India at a very low interest rate will also be granted.
This announcement was made by the Prime Minister of the Republic of Mauritius, Navin Ramgoolam, on November 2, 2014 at the Treasury Building in Port Louis, following his tête-à-tête with the minister of External Affairs of India, Sushma Swaraj. According to Navin Ramgoolam, “the Minister assured that India will stand by her agreement.”
The Indian Minister, who was on a 3-day official visit to Mauritius, was the chief guest of the official ceremony commemorating the 180th anniversary of the arrival of indentured labourers in Mauritius at the Aapravasi Ghat in Port Louis, organised by the ministry of Arts and Culture.
Discussions during the tête-à-tête also focused on: the Double Taxation Avoidance Agreement, the visa-on-arrival facility, the situation in the region, and Mauritius’ unwavering support for India to have a permanent seat at the United Nations Security Council.
On the issue of the Double Taxation Avoidance Convention, Ramgoolam said that minister Swaraj reiterated the personal guarantee of Prime ministerModi that no action would be taken that would hurt Mauritius’ interests.
“Everything will be done by taking into consideration the interests of Mauritius and Mauritius also will make efforts,” Prime Minister Ramgoolam pointed out.
“As regards the question of visa, that is extending the visa-on-arrival facility to Mauritians travelling to India, the Indian side assured that this will become a reality very soon,” said the Prime Minister.