Is Mauritius Looking to Import More Rice from India?
Synopsis
Key Takeaways
- Mauritius aims to import 33,000 tonnes of rice from India.
- Long-term agreements are being sought to support subsidized food programs.
- The island nation looks to reduce reliance on Pakistan for rice imports.
- India is a key trading partner, providing various essential goods.
- The CECPA enhances economic ties between Mauritius and India.
New Delhi, Nov 3 (NationPress) The nation of Mauritius is eager to establish long-term agreements with India to import approximately 33,000 tonnes of rice. This initiative aims to sustain its subsidized food program and replace the rice previously imported from Pakistan, according to Takesh Luckho, Chairman of the Mauritius State Trading Corporation.
During discussions at the global rice conference, Luckho informed the press that following India's ban on non-basmati rice exports in 2023, Pakistan emerged as a key supplier. This ban was implemented to stabilize domestic prices.
Historically, most rice imports to Mauritius came from India through long-term contracts.
However, the ban necessitated an open tender process, allowing Pakistan to penetrate the Mauritian market. Luckho mentioned that they now aim to revert this trend since India has lifted its ban, with Pakistan being a significant competitor in the global rice industry.
“While India did supply some rice through government-to-government agreements during the ban, the volume was insufficient. Mauritius requires roughly 1,000 tonnes of basmati rice and 32,000 tonnes of non-basmati white rice annually,” he stated.
The island nation provides non-basmati white rice at subsidized prices as part of its social welfare initiatives.
India stands as a major trading partner for Mauritius, with substantial exports in pharmaceuticals, cereals, cotton, and motor vehicles. Conversely, Mauritius exports medical devices, waste and scrap metal, and various manufactured items to India.
Mauritius serves as a significant source of foreign direct investment (FDI) for India, largely due to the Double Taxation Avoidance Convention (DTAC), which has facilitated considerable investment flows into India.
The India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA), effective from 2021, is India's first such agreement with an African nation, aimed at strengthening economic collaboration.
India considers Mauritius an essential economic entry point to Africa and a partner in its Look Africa initiative, providing substantial development aid focused on healthcare, education, and infrastructure.
The two nations have also bolstered strategic cooperation, especially in maritime security.