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India and Mauritius Economic Relations

India and Mauritius Economic Relations

In the last five years, India has been among the leading trading partners of Mauritius. In 2020, India represented 10% share of Mauritian total imports and ranked 3rd in their main countries of import. The volume of exports from India to Mauritius was USD 1,027 million in 2018, USD 776 million in 2019 and USD 396 million in 2020. In the recent years, main items of exports of India to Mauritius have been petroleum products, pharmaceuticals and rice.  It is also a major supplier of raw materials for the local industry namely supplying yarn and fabrics to the textile and clothing industry.

The value of Mauritian exports to India in 2019 was USD 24 million and USD 32 million in 2020. In 2020, the main products exported include medical devices, scrap metal, fish meal and scrap copper amongst others. Scrap aluminum, vanilla beans, scrap paper, parts of machinery and garments were other major commodities exported by Mauritius to India in 2020.

Cumulative FDI equity inflows from Mauritius to India during the period April 2000-March 2021 amounted to USD 148.35 billion (28 % of total FDI inflows over this period). Mauritius was the third largest source of FDI into India during the financial year 2020-21, with FDI equity inflows amounting to USD 5.63 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.

As of date, there are 10,500 Indian passport holders in Mauritius, including approximately 9,000 Indian workers and several hundreds of Indian professionals. Some 64 Indian companies have invested in Mauritius in several sectors such as healthcare, education, ICT, Freeport and financial services. Some of the prominent Indian companies operating in Mauritius are Amity, Infosys, Dr. Aggarwal’s Eye Hospital, The Oberoi, Ajanta Pharma, Metropolis Pathology, etc.

For any enquiries regarding Commercial matters, please contact:

Mr Janesh Kain, Deputy High Commissioner

Email: com.portlouis@mea.gov.in

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