Government ambitions to transform Mauritius into a high income economy by 2023 and the manufacturing sector plays an important role in achieving that goal as it contributes to 12% of the country’s Gross Domestic Product and generates some 95 000 jobs.
The Prime Minister, Mr Pravind Kumar Jugnauth, made this statement this morning at La Maison de l’Etolie, Moka, during the opening ceremony of an event organised by the Association of Mauritian Manufacturers (AMM) to mark the fifth anniversary of the Made In Moris label, in presence of other eminent personalities.
In his address, the Prime Minister highlighted that the Made In Moris label regroups some 88 enterprises and valorises the local competence as well as the Mauritian savoir faire, while illustrating the continuous engagement of enterprises towards the Mauritian society. Local entrepreneurs, he stated, are talented with the ability to innovate, which is in turn beneficial for consumers in terms of quality and price.
Government, underscored Prime Minister Jugnauth, has officially recognised the Made In Moris label by promoting local products in the public procurement policy. In addition, Government financially supports Small and Medium Enterprises (SMEs), who want to affix the Made In Moris label on their products and use it as a promotional tool, by providing a subsidy of Rs 5 000 for registration fees, he added. He commended the Made In Moris network which mobilises the Mauritian brands and the industry as a whole towards the commitment of continuous improvement which takes into account the economic, social and environmental dynamics both locally and internationally.
The Prime Minister listed out some measures taken by Government to support the manufacturing sector. These include the Leasing equipment and modernisation Scheme; the Speed to market Scheme; the Freight rebate Scheme; and an annual allocation of Rs 200 000 to SMEs who participate in international fares abroad. He underlined that a memorandum of understanding was signed between SME Mauritius Ltd, Business Mauritius and the AMM in October 2018 so as to facilitate SMEs’ access to the Made In Moris label and assist them in their development.
He further outlined the new market opportunities available as a result of the existing African Free Trade Agreements and the bilateral agreements. The conclusion of terms and conditions of an agreement with China and the negotiations for a Comprehensive Partnership Agreement with India will also allow local entrepreneurs to have greater access to international markets, he pointed out.
Source: Government of Mauritius