AGP Executive Report
Last update: 9 hours agoDigital Payments & Regional Links: India’s UPI hit fresh highs in May, with 23.2 billion transactions worth Rs 29.90 lakh crore, driven by summer travel and IPL spending; the average ticket size has been falling as UPI becomes the default rail for everyday payments, and cross-border UPI is now live in multiple countries including Mauritius. Trade & Market Access: India–Oman CEPA came into force on June 1, giving duty-free access for 99% of India’s exports to Oman and easing professional mobility, with implementation timed amid shipping pressures from the US-Iran war. Mauritius in the FTA Mix: India’s FTA push continues, with Mauritius already included among implemented pacts, while India also plans to hire 1,000 people to spread information on free trade agreements. Capital Markets in the Region: FINSEC CEO Collen Tapfumaneyi was re-elected chair of SADC Stock Exchanges’ CoSSE for a second term, as the bloc focuses on deeper market integration and investment attraction. Skills for a Circular Economy: HRUC and MITD partnered with Mauritius on a 12-month circular-economy vocational training programme, targeting green jobs and 40% female participation. Business & Finance Expansion: UPL completed a US$1 acquisition of Advanta Investment Limited via its Mauritius-based step-down subsidiary, aimed at technology and IP ventures tied to seeds. Sports & Tourism (Mauritius-linked): Tour de Maurice 2026 kicks off June 2-5, with teams targeting podium finishes, while Mauritius tourism messaging highlights more experiential travel for key source markets.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.