Mauritius maintains lead for FDI routed to India with 52.3% increase year-on-year
Mauritius has far outstripped Singapore by routing USD 5.21 billion, approximately MUR 168.51 billion, into the Indian economy from April to November, 2014, compared to USD 3.75 billion (approximately MUR 121.3 billion) routed from the Asia Pacific island nation in the same period. (Image: tropicscope)
Mauritius has maintained its leading position for Foreign Direct Investments (FDI) routed to India, with investors using the island to invest USD 5.21 billion, approximately MUR 168.51 billion, into the Indian economy from April to November, 2014.
It may be noted that during the same period, the eight months from April to November 2014, India received a total of USD 18.88 billion across all countries as FDI inflows.
Data from the Department of Industrial Policy & Promotion (DIPP) of India also showed that Singapore, which is set at the 2nd place, was left far behind by Mauritius for the period under review, contributing only USD 3.75 billion (approximately MUR 121.3 billion) as Foreign Direct Investment (FDI) to India.
On country-wise FDI equity inflows from African countries between April, 2000 to November, 2014, South Africa stood at 34th place with FDI routed to India amounting to USD 227.5 million which is approximately MUR 7.36 billion, whereas Seychelles was at the 36th position with an amount of USD 176.33 million, or approximately MUR 5.71 billion.
Compared to the corresponding period of last year, we can note that Mauritius has registered an increase of 52.32% where it was set at USD 3.4 billion which is approximately MUR 111.0 billion.
On the other hand, we can also note that Singapore has registered an increase compared to last year, when it had channeled FDI flows of USD 3.06 billion to India, which is approximately MUR 98.94 billion.
The three major Indian sectors that have attracted the highest FDI equity inflows for the period April to November 2014 are: the telecommunication sector which was set at USD 2.47 billion which is approximately MUR 79.97 billion, the services sector with USD 1.85 billion (approximately MUR 59.9 billion) and finally, the automobile sector, at USD 1.54 billion (approximately MUR 49.86 billion).