Logo


Indian corporates invested $5.6 bn abroad through Mauritius in 2016-17

Biggies of Indian business may vacation in rainy London but balmy Mauritius gets their money first

Illustration: Binay Sinha
Illustration: Binay Sinha

For long Mauritius and more recently Singapore have been the preferred conduits for global financial transactions by Indian companies. Reserve Bank of India (RBI) data shows that both countries have become equally mouth watering destinations for Indian corporates to fund global operations, buy stakes in overseas companies or pay off their international loans. While Singapore attracted $5.7 billion from Indian companies, Mauritius saw $5.6 billion flowing in the country from India in 2016-17. The key similarity between Indian investments in these two countries was that most of the money ...