The conferment of this degree, in my humble submission, signifies the recognition of historical, cultural and economic ties between Mauritius and India. It also signals the shared desire to improve and reinforce our relations in the sectors that are critical in the rapidly developing world, such as knowledge based economy and services sector, especially financial sector and tourism.
It is noteworthy that Professor Fagoonee has his current interests in information technology, management and environment. Contextually, this event invites a focus on interaction between central banks and academia. It is well known that practice of central banking has been drawing very heavily from the academic contributions on the subject.