India offeres $100 million amount of Line of Credit (LoC) to Mauritius for defence procurement
During the visit of President Ram Nath Kovind, India has offered a $100 million dollar Line of Credit (LoC) to Mauritius for defence procurement to help its security capacity. India also agreed to sell a Multi-Purpose Offshore Petrol Vessel to the island nation, which will be financed through the LoC. It will also have a $5-million-dollar grant component in addition to the LoC. Earlier, both the countries signed four MoUs to further strengthen bilateral cooperation. These agreements are in the fields of education, health, culture and civil services. The MoUs were exchanged in the presence of President Ram Nath Kovind and Mauritian Prime Minister Pravind Jugnauth in Port Louis.