Mauritius Current Affairs

Singapore replaces Mauritius as top source of FDI into India

Singapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the first half of the current fiscal year 2015-16.

It was unveiled by the data during April to September 2015 period released by the Department of Industrial Policy and Promotion (DIPP).

Key facts

  • India has attracted 6.69 billion dollars FDI from Singapore while it received 3.66 billion dollars from Mauritius.
  • Highest foreign investment sector wise : Computer software and hardware (3.05 billion dollars), trading (2.30 billion dollars), services and automobile (1.46 billion dollars each) and telecommunications (659 million dollars).
  • Foreign investment from Singapore has more than doubled from 2.41 billion dollars in the same period in FY year 2014-15.
  • Overall, Singapore accounts for 15 per cent of the total inbound FDI received by India during April 2000 and September 2015. However, Mauritius accounted for 34 per cent of FDI during the same period.

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Prominent scientist Ameenah Gurib-Fakim sworn-in as first woman president of Mauritius

Prominent scientist Ameenah Gurib-Fakim was sworn in as President of Mauritius.

With this she became first woman to become President of Indian Ocean island nation which is a ceremonial position.

Ameenah Gurib-Fakim is an alumnus of the universities of Exeter and Surrey of United Kingdom. She is also the chair of organic chemistry at Mauritius University.

She is internationally renowned biodiversity scientist and biologist Ameenah Gurib-Fakim as their new President.

She had worked with the World Bank and other international institutions. She also had served as the Managing Director of Centre International de Développement Pharmaceutique (CIDP) Research & Innovation.

Ameenah had authored numerous academic and research papers. She has received several accolades and honours including Laureate for the L’Oreal-UNESCO Women in Science Award for Africa (2007), African Union Award for ‘Women in Science’ for the Easter African Region (2009) etc.

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