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By A Newsman

Kolkata, 03 September: THE National Stock Exchange of India (NSE) has inked a memorandum of understanding (MoU) with the Stock Exchange of Mauritius (SEM) to develop mechanisms for sharing expertise.

The MoU covers education, training and knowledge transfer in securities markets, product development, creation of indices and capacity building in surveillance and investigation.

Commenting on this, NSE managing director and chief executive, Ms Chitra Ramkrishna, said: “Mauritius is an important trade partner of India. We are happy to have entered into an understanding with SEM to foster growth of the Mauritian financial markets.”

SEM executive Sunil Benimadhu termed it an “important milestone” in the development of the SEM.

“This collaborative relationship between SEM and NSE is expected to create new opportunities for the development and listing of new products on SEM’s platform and further enhance the attractiveness of Mauritius as a hub for investing in Africa,” he said.

The Stock Exchange of Mauritius began its operations in July 1989 as a domestic equity-centric Exchange. SEM operates a multi-currency capital raising, listing and trading platform in four international currencies, namely USD, Euro, GBP and ZAR.