According to a recent release from the Department of Industrial Policy & Promotion (DIPP) of the Ministry of Commerce and Industry of India, Mauritius remains the first source of FDI to India for the period from April to December 2017. Mauritius thus reaffirms its position as one of the preferred platforms for investments into India.

India received a total FDI of USD 35.9 billion for the period, out of which the largest part came from Mauritius with USD 13.3 billion, followed by Singapore with USD 9.2 billion. Together, these two countries represent 62.8% of the total FDI and are thus by far the two most important sources of FDI to India.

Mauritius and Singapore were followed by the Netherlands (USD 2.4 billion), the USA (USD 1.7 billion), Japan (USD 1.3 billion) and Germany (USD 1 billion).

The sectors attracting most FDI for the period were telecommunications (USD 6.1 billion), followed by computer software and hardware (USD 5.2 billion), services (USD 4.6 billion) and construction (USD 2.5 billion).

It is to be noted that India’s total inward FDI for the period increased by a slight 0.27% compared to the corresponding period last year.

Summarizing FDI to India for the last 17 years from April 2000 to December 2017, the DIPP highlighted that FDI from Mauritius amounted to USD 125 billion out of a total of USD 368 billion, representing 33.97% of that total.