Mauritius Current Affairs

11th World Hindi Conference to be held in Mauritius

The eleventh edition of World Hindi Conference (विश्व हिंदी सम्मेलन) will be hosted by Mauritius in its capital city Port Lois in August 18-20, 2018. The conference provides common platform to several Hindi scholars, writers and laureates from different parts of the world to contribute the language. It will be organised by Ministry of External Affairs, Government of India in association with Government of Mauritius. The theme of the Conference is “Vaishvik Hindi Aur Bharatiy Sanskriti“. The venue of Conference is Swami Vivekanand International Convention Centre, Pailles Mauritius.

World Hindi Conference

The First World Hindi Conference was held from 10 to 12 January 1975 in Nagpur and was inaugurated by then Prime Minister Indira Gandhi. Since then, ten such Conferences have been held in different parts of world. In the first conference, then Prime Minister of Mauritius Seewoosagur Ramgoolam was Chief Guest and it was attended by 122 delegates from 30 countries. Since then every year 10th January is being observed as World Hindi Day. The 10 edition of World Hindi Conference was held in Bhopal, Madhya Pradesh (India) in 2015 with the theme of Hindi Jagat-Vistar and Sambhavnaye.

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Mauritius was largest source of FDI in India in 2016-2017: RBI

According to Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by Reserve Bank of India (RBI), Mauritius was largest source of foreign investment (FDI) in India.

The census yields carry comprehensive information on market value of foreign liabilities and assets of Indian companies arising on account of FDI, ODI and other investments.

Key Facts

Mauritius was largest source of FDI in India (21.8% share at market value) followed by USA, UK, Singapore and Japan. Singapore (19.7%) was major ODI destination, followed by Netherlands, Mauritius, and US.

18,667 companies had participated in census, of them 17,020 had FDI/overseas direct investment (ODI) in their balance sheets in March 2017. 96% of responding companies were unlisted in March 2017 and most of them had received only inward FDI.

Unlisted companies had higher share of FDI equity capital vis-a-vis listed companies. Further, over 80% of 15,169 companies that reported inward FDI were subsidiaries of foreign companies (single foreign investor holding over 50% of total equity).

The manufacturing sector accounted for nearly half of total FDI at market prices, information and communication services (ICTS) and financial and insurance activities were other major sectors that attracted FDI. Total sales, including exports, of foreign subsidiaries in India increased by 18.7% during 2016-17 whereas their purchases, including imports, increased by 20.1%.

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