Venue: High Commission of India, EbeneDate: 28 July 2025
Ebene, July 28 — In a significant step towards enhancing India–Mauritius economic cooperation, the Indian Business Council (IBC) and the Federation of Indian Chambers of Commerce and Industry (FICCI) signed a landmark Memorandum of Understanding (MoU) at the High Commission of India in Ebene. The MOU is expected to further deepen economic integration between India and Mauritius and foster long-term, mutually beneficial cooperation.
The event was held in the presence of Dr. the Hon Mrs Jyoti Jeetun, Minister of Financial Services and Economic Planning, Shri Anurag Srivastava, High Commissioner of India, and was attended by senior government officials, prominent business leaders, and members of the Indian diaspora. Around 100 participants were present at the event, reflecting the growing interest and enthusiasm surrounding the India–Mauritius economic partnership.
In her address, Minister Jeetun emphasized the importance of strengthening bilateral economic collaboration in the context of an evolving global economic order. She acknowledged that deepening India–Mauritius ties is essential for building economies that are resilient, inclusive, and future-ready. The Minister appreciated the role of Indian businesses in supporting Mauritius’ economic development and highlighted the value of initiatives that encourage sustained partnership and investment.
In his keynote remarks, High Commissioner Anurag Srivastava described the MoU as a union that holds great potential and promise, stressing the need for it to evolve into a living partnership through sustained commercial engagement and structured dialogue. He underscored the strong alignment between Indian capabilities and Mauritius’ national priorities, particularly in light of the recently announced Mauritius Budget and strategic plan, which focus on green growth, digital transformation, SME development, and ensuring food, health, and energy security.
The High Commissioner also spoke of the expanding institutional framework underpinning the India–Mauritius economic partnership. He referred to the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) signed in 2021 as a milestone, and noted the growing financial interoperability between the two countries, including the rollout of the RuPay card and Unified Payments Interface (UPI) in Mauritius. He further recalled PM Narendra Modi’s announcement regarding the establishment of a local currency settlement mechanism between the Reserve Bank of India and the Bank of Mauritius, which will allow trade transactions to be settled directly in INR and MUR.
Remarks were also delivered by Mr. Jayasankar Seshadri, President of IBC, and Mr. Rajiv Wahi, Leader of the FICCI Business Delegation and CEO – International Business, Captain Agri Machinery Exim LLP. Both speakers expressed confidence that the MoU would result in tangible outcomes through collaborative initiatives and sectoral engagements.
Founded in 1927, FICCI is one of the India’s oldest and largest apex business chamber, representing over 250,000 companies across sectors – from large corporates and SMEs to multinational firms. As part of its broader Africa outreach, FICCI led a 16-member multi-sectoral business delegation to Mauritius from 26–29 July 2025. During their visit, the delegation held productive engagements with government institutions, the Economic Development Board (EDB), business chambers, and industry stakeholders in key sectors including healthcare, agriculture, infrastructure, education, and biotechnology.
