SMEs & Manufacturing

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“A pro-Africa growth agenda with clear incentives to Mauritian businesses”

“Aggressive SMEs incentives to boost growth and productivity”

  • Creation of a Mauritius-Africa Fund of Rs500m over 5 years directed towards equity participation, capped at 10% of stated capital, and provision of fee paying consultancy services on the continent to Government and Public Sector entities, in fields where we have a competitive advantage.
  • Total investment in port development will amount to Rs 3.2bn in 2014 and a further Rs2.3bn over the following two years. 
  • A refund, determined as the lower of 25% of the freight cost on containers exported and USD300 per container, given to operators exporting to Africa (except for South Africa and Madagascar). 
  • Injection of an additional Rs1b for the extension of the Foreign Currency Leasing Equipment Modernisation Scheme.
  • Introduction of an Investment Tax Credit Scheme to encourage high-tech manufacturing. 
  • Investment of  Rs2.1bn in tuna fisheries next year. 
  • Increase of 33% in the export promotion budget of Enterprise Mauritius to step up market expansion in Africa.
  • Export-oriented enterprises (“EoEs”) to benefit from fast tracking work permits deliverable in two weeks, plus the reduction in annual work permit fees from Rs10,000 to Rs6,000 for employees after their fifth year of employment.
  • Extension of the SME Financing Scheme up to 2016 with an additional Rs2bn commitment from commercial banks.
  • SMEs will enjoy the introduction of a new loan guarantee scheme which does not require them to provide collateral and third party guarantees. Up to 70% of any credit loss incurred will be sheltered by the Government.
  • Rs80m earmarked for the Mauritius Business Growth Scheme and Rs70m injected in SME Factoring Scheme to be extended to planters.
  • Increased visibility through an online presence following the provision of a free basic website to all SMEs by the Government.  More elaborate website costing up to Rs6,000 will be given at a subsidy of 50%.
  • Training sessions to be provided to 500 SMEs on productivity improvement in 2014.
  • Provision of industrial spaces to 80 more SMEs with the construction of two SME parks, at Solitude and Plaine Magnien at a cost of Rs200m.
  • Unbundling of contracts on a district wise basis and simplifying the standard bidding document from 15 pages to only one page for goods and services and two pages for small works contracts.Review of Remuneration Regulations for workers earning less than Rs6,500 per month.
  • 25% annual capital allowance granted for the purchase of patents to enable industries adopt latest techniques, designs and practices.