These projects will help in fulfilling the demand for better connectivity between mainland Mauritius and Agalega. Further, it will strengthen maritime security and foster socio-economic development, the PMO said.
However, Billimoria said that though India is no longer over-regulated, the investigation and trial process is antiquated, and needs to measure up to the regulations.
Talking about regulations, Asbe acknowledged RBI s guidance in creating responsible regulations around tech innovation to make the platform sustainable and scalable in the long run, creating a viable and pragmatic framework of rules and regulation around UPI.