India and Mauritius Economic Relations India - Mauritius

India and Mauritius Economic Relations

India and Mauritius Economic Relations

In the last five years, India has been among the leading trading partner of Mauritius. The volume of exports from India to Mauritius was USD 1,027 million in 2018 and USD 776 million in 2019. In the recent years, main items of exports of India to Mauritius have been fuels & petroleum products, followed by, pharmaceuticals, food grains, cotton and textiles. India has been among the top 2-3 exporters to Mauritius in the last few years.

India is not a big importer of Mauritian products. The value of Mauritian exports to India in 2019 was USD 24 million. The main constituents of India’s imports from Mauritius were Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof, machinery, mechanical appliances, nuclear reactors, boilers; aluminium and articles thereof, Iron and Steel, Electrical machinery and equipment, amongst others.

Cumulative FDI equity inflows from Mauritius to India during the period April 2000-March 2020 amounted to USD 142.71 billion (30% of total FDI inflows over this period). Mauritius was the single largest source of FDI into India during the financial year 2019-20, with FDI equity inflows amounting to USD 8.24 billion.

Many prominent Indian Public Sector Enterprises are currently functioning in Mauritius. The Bank of Baroda (BoB), Life Insurance Corporation (LIC), and New India Assurance Corporation (NIAC) were the first to establish operations, followed by other PSUs including Telecommunications Consultant India Ltd (TCIL), IndianOil (Mauritius) Limited (IOML), Mahanagar Telephone (Mauritius) Ltd., State Bank of India (Mauritius) Limited, NBCC Ltd and EdCIL (India) Ltd. Besides their core activities, the PSUs have also contributed to various activities in Mauritius under the Corporate Social Responsibility (CSR) schemes.

For any enquiries regarding Commercial matters, please contact:

Mr Janesh Kain,

Deputy High Commissioner

Email: com.portlouis@mea.gov.in

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