The Stock Exchange of Mauritius Ltd (SEM) is pleased to announce that it has entered into a Memorandum of Understanding (MoU) with The National Stock Exchange of India Ltd (NSE) for Co-operation between the Exchanges, with the objectives of fostering a deeper and more strategic relationship between the two institutions, facilitating 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.
The signature of this MoU is in line with the SEM's strategy to internationalise its platform by
- NSE’s demonstrated capabilities in developing indices on the back of which financialproducts can be created;
- NSE’s leading presence in the derivatives space; and
- NSE’s strong international presence in the field of training.
"We welcome this initiative which constitutes an important milestone in the development of the SEM. 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. The NSE/SEM partnership will also focus on capacity building and training of SEM employees and of securities markets professionals in Mauritius." said the Chief Executive of the SEM, Sunil Benimadhu.
“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.” said the Managing Director & Chief Executive of the National Stock Exchange of India, Ms Chitra Ramkrishna.