AGP Executive Report
Last update: 6 hours agoEnergy Security for Mauritius: India and Mauritius signed a five-year Government-to-Government MoU plus a long-term fuel supply deal during Hardeep Singh Puri’s Aug 20–21 visit, with Indian Oil (IOCL) set to cover Mauritius’ full import needs for petrol (motor spirit), diesel (HSD) and aviation turbine fuel (ATF), alongside training and biofuels cooperation. FDI Rules Update: India says 29 foreign direct investment proposals worth about Rs 4,895.65 crore have already been reported under the May 2026 easing that lets overseas firms with up to 10% non-controlling Chinese/Hong Kong-linked ownership invest via the automatic route; Mauritius-based entities are among the reported sources, with focus areas including IT, AI, data centres, manufacturing and pharma. Health Watch for the Region: Hungary confirmed an imported chikungunya case in a traveller who was in Mauritius during the virus incubation period, underlining how quickly mosquito-borne outbreaks can travel with air links. Local Tech & Capital Markets: GACM Technologies completed a Qualified Institutions Placement raising Rs 49.50 crore, with Mauritius-linked foreign institutional investors among participants. Biotech IPO Momentum: Symbiotec Pharmalab raised Rs 526 crore from anchor investors ahead of its Aug 24 IPO, signalling continued investor appetite for life sciences.
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