The Manufacturing sector remains the most important sector of the Mauritian economy. It currently contributes 12 percent to Gross Value Added (GVA) and accounts for 17% of total employment. In 2018, the sector grew by 0.7% and for the period 2015-2018 and the other manufacturing sub-sector, which caters mostly for the domestic market, has been expanding at an annual rate of 3.4 percent on average.
Accordingly, an amount of Rs 120 million has been earmarked in order to extend the “Support for Trade Promotion & Marketing” Scheme, which is essential to maintain the export competitiveness to Europe. The Economic Development Board (EDB) has also enlisted the services of ‘Idea Foundry’ from USA to come up with proposals for the most appropriate technology and processes required to foster a new ecosystem in order to adapt to the modern requirements of the international market.
The Cooperative Sector
The Budget laid much emphasis on building innovative, dynamic, resilient and globally competitive Small and Medium Enterprises (SMEs). In 2017, SMEs contributed to 33 percent of GVA and accounted for 49 percent of total employment and total exports of Export Oriented Enterprises (EOEs) stood at Rs 43.5 billion in 2018.
In a bid to build a ‘Nation d’Entrepreneurs’ and enact the recommendations of the 10-Year Master Plan for the SMEs which was prepared in 2017, several measures will be implemented in the Cooperative sector so as to support the development of industries for growth, to boost employment and wealth creation, to provide the right framework for trade facilitation and ensure continuity of supply of essential commodities, namely:
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