Prime Minister Narendra Modi and his Mauritius counterpart Pravind Kumar Jugnauth will jointly inaugurate the India-assisted Social Housing Units project in the Indian ocean island nation virtually.
The two dignitaries will also launch the Civil Service College and 8 MW Solar PV Farm projects in Mauritius that are being undertaken under India’s development support. An Agreement on extending a $190 mn Line of Credit (LoC) from India to Mauritius for the Metro Express Project and other infrastructure projects, and MoU on the implementation of Small Development Projects will also be exchanged, the Ministry of External Affairs said.
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 $1,027 million in 2018, $776 million in 2019, and $396 million in 2020. The value of Mauritian exports to India in 2019 was $24 million and $32 million in 2020.
Cumulative FDI equity inflows from Mauritius to India during the period April 2000-March 2021 amounted to $148.35 billion (28% of total FDI inflows over this period). Mauritius was the third-largest source of FDI into India during 2020-21, with FDI equity inflows amounting to $5.63 billion.
Many prominent Indian Public Sector Enterprises are currently functioning in Mauritius, and besides their core activities, have also contributed to various activities in Mauritius under the Corporate Social Responsibility (CSR) schemes.
