Jammu Tawi, March 12 -- India and Mauritius inked eight MoUs, including on the use of local currencies for trade, and on sharing of White Shipping information between their navies, following talks between PM Modi and his Mauritius counterpart Navin Ramgoolam in Port Louis.

Prime Minister Modi also announced India's support for setting up of a new Parliament Building in Mauritius, and Phase-II of High Impact Community Development projects to further enhance the development partnership.

The agreements inked today are:

1. Agreement between Reserve Bank of India and the Bank of Mauritius for the Establishment of a Framework to Promote the Use of Local Currencies (INR or MUR) for Cross-border Transactions. The objective of this Agreement i...