India and Mauritius Economic Relations India - Mauritius

India and Mauritius Economic Relations

India is Mauritius' largest trading partner and has been the largest exporter of goods and services to Mauritius since 2007. In FY 2014-2015 India exported goods worth US$ 1.9 billion to Mauritius and imported goods worth US$ 21.19 million from Mauritius. India's exports to Mauritius comprise largely of petroleum products. A three-year Agreement between the Mangalore Refinery and Petrochemicals Ltd (MRPL) and the State Trading Corporation of Mauritius for supply of all petroleum requirements of Mauritius was renewed in July 2013. Besides petroleum products, main items of India's exports to Mauritius are pharmaceuticals, cereals, cotton, electrical machinery, apparel and clothing accessories. Main items of Mauritius' exports to India are iron and steel, pearls, precious/semi-precious stones and optical, photographic and precision instruments.

Cumulative FDI equity inflows from Mauritius to India during the period April 2000-September 2015 amounted to USD 91.22 billion (34% of total FDI inflows over this period). Mauritius was the single largest source of FDI into India during the financial year 2014-15, with FDI equity inflows amounting to USD 9.03 billion - 29% of total inflows in 2014-15.

Eight 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 India Handloom House, Telecommunications Consultant India Ltd (TCIL), IndianOil (Mauritius) Limited (IOML), Mahanagar Telephone (Mauritius) Ltd. and State Bank of India (Mauritius) Limited. 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 Akash Gupta, Second Secretary (Commerce)

Email: com.portlouis@mea.gov.in

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