AGP Executive Report
Last update: 7 hours agoMaritime & Offshore Energy: Garden Reach Shipbuilders & Engineers (GRSE) secured a Rs 1,032-crore contract from ONGC to build four Platform Supply Vessels, boosting shipbuilding capacity and offshore logistics support. Port & Security Training: IRClass Academy delivered a three-day Port Facility Security Officer (PFSO) training in Mauritius for port and maritime professionals, strengthening local security preparedness. Digital Payments & Remittances: UPI keeps expanding beyond India—UPI is now operational in Mauritius and a real-time Favara–UPI corridor launched between the Maldives and India, enabling instant transfers to UPI-enabled Indian accounts. Corporate & Finance (Mauritius-linked): Capital Group bought about a 1.5% stake in IIFL Finance via Mauritius-linked holdings, highlighting continued cross-border investment flows. Policy & Business Environment: A proposal in India’s corporate law talks about allowing “inward re-domiciliation” (reverse flips) while retaining legal identity—potentially easing moves for India-origin firms. Labour Mobility: Finland confirmed visa-free entry for citizens of Mauritius (and Seychelles) under Schengen rules, supporting travel and skills movement.
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