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The National Stock Exchange of India Ltd (NSE) has entered into a Memorandum of Understanding (MoU) with the Stock Exchange of Mauritius Ltd (SEM) for fostering a deeper and more strategic relationship between the two bourses.
The MOU would also facilitate the development of channels for knowledge sharing and developing mutual synergies for the growth and development of SEM and NSE.
The areas of co-operation under the MOU will encompass education, training and knowledge transfer in securities markets, product development and indices creation as well as capacity development in the field of surveillance and investigation.
“Mauritius is an important trade partner with India. We are happy to have entered into an understanding with SEM for fostering the growth of the Mauritian financial markets. Such initiatives can ensure economic benefits to the nation and its people in the long run”, Chitra Ramkrishna, Managing Director & Chief Executive, NSE said in a statement here.
This collaborative relationship between the SEM and the NSE is expected in the medium term to create new opportunities for the development and listing of new products on the SEM's platform and further enhance the attractiveness of Mauritius and of the SEM as a hub for investing into Africa, said Sunil Benimadhu, Chief Executive of the SEM.
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