mauritius

INDIA - MAURITIUS BUSINESS & CULTURAL COUNCIL

Global India business forum presented Honorary membership to Officer in Charge at The Consulate of The Republic of Mauritius- Mr. Vishwajeet Cheetoo We had a fruitful discussion to collaborate GIBF and Mauritius to explore different business opportunities and trade between two countries. Global President- GIBF Dr Jitendra Joshi and Director/ Global Cordinator Deepali Gadkari attend the meeting.

Exports :

Clothing and textiles, sugar, cut flowers, molasses, fish, primates (for research).

Imports :

Manufactured goods, capital equipment, foodstuffs, petroleum products, chemicals

ABOUT MAURITIUS

Mauritius, officially known as the Republic of Mauritius is an island nation in the Indian Ocean. It is located 2000km away towards the southeast of the African continent, east of Madagascar. It includes the main island (also called Mauritius), as well as Rodrigues, Agaléga and St. Brandon. These islands of Mauritius and Rodrigues with nearby Réunion (a French overseas department), are part of the Mascarene Islands. Port Louis, is the capital and largest city. It is located in Mauritius, where most of the population is concentrated. The country spans 2,040 square kilometers and has an exclusive economic zone (EEZ) covering 2.3 million square kilometers. It is also a very lucrative tourist destination.

BUSINESS OPPORTUNITIES IN MAURITIUS

The World Bank classifies the country as a high-income economy. Mauritius is the only African country to be considered as “very high” on the Human Development Index. It is also ranked as one of the most competitive and developed countries in the African region. Owing to its EEZ as well, Mauritius does provide a plethora of opportunities for those who wish to take a dive.

EXPORTS AND IMPORTS IN MAURITIUS

TOP EXPORTS OF MAURITIUS

15% (231 million US$): Preparations of meat, of fish or of crustaceans, mollusks or other aquatic invertebrates 13% (200 million US$): Articles of apparel and clothing accessories, not knitted or crocheted 12.4% (191 million US$): Articles of apparel and clothing accessories, knitted or crocheted 12.1% (187 million US$): Sugars and sugar confectionery 5.77% (89 million US$): Fish and crustaceans, mollusks and other aquatic invertebrates (Figures as of 2020. Source: TrendEconomy) Mauritius top 15% of exports include preparations of meat, fish or crustaceans or other aquatic invertebrates. Another 24% percent belongs to the apparel industry which also includes clothing accessories of both kinds: not knitted/crotched and knitted/crotched.

TOP IMPORTS OF MAURITIUS

15% (635 million US$): Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 7.65% (323 million US$): Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 6.69% (282 million US$): Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 6.41% (270 million US$): Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (Figures as of 2020. Source: TrendEconomy) Mauritius has an import strategy that is very sensible given their remote location. They import mineral fuels, mineral oils and its by-products; these account for 15% of their imports. Vehicles, electrical machinery and equipment, sound recorders, TV image recorders and their accessories constitute of roughly another 21% of their imports.