Standard & Poor’s reaffirms the “investment grade” status of Mauritius and Moody’s upgrades the sovereign Scorecard-indicated outcome to Baa1-Baa3
27 Sep 2023
Over the past decades, the manufacturing industry has played an instrumental role in the economic diversification and transformation of Mauritius. Mauritius has earned a good name as a high quality and reliable supplier through continuous innovation in different sectors such as Textile and Apparel, Agro-Processing, Seafood Processing, Jewellery and Light Engineering. The manufacturing industry stands as a dynamic engine of growth with a GDP contribution of 13,2% (2021) and provides employment to nearly 85,000 people.
Mauritius is taking full advantage of preferential market access to export 2,500 product lines to 142 countries worldwide. We export mainly to Europe, the USA and South Africa. Following new trade agreements with Africa (AfCFTA), China (China FTA) and India (CEPCA), we are currently devising strategies to reach out to new customers and grab opportunities in these markets.
Mauritius has always laid emphasis on transformation, and high-value addition in view to be competitive on international markets. As per the last Productive Capacities Index (PCI) launched by UNCTAD, Mauritius is currently ranked as Number 1st in Africa. The success of our manufacturing industry lies in its capacity to adapt to the changing exigencies of customers, compliance to standards and delivery in a short lead time. With the advent of the COVID-19 pandemic and the disruption in global logistics, Mauritius is engaged to develop a regional supply chain to increase exports to the Indian Ocean region and Africa.
Mauritius offers a number of benefits to international manufacturing companies to set up production units locally.
These benefits include :
Through a panoply of schemes and unique incentives offered, EDB Mauritius supports the expansion and growth of business operations as a way to enhance substantive and value-added economic activities in Mauritius.
Medew Holdings Ltd
Setting up in Mauritius means joining a long list of world-class businesses that have chosen our country as their regional base of operations. These exceptional businesses include: