- Agro-industries
The agricultural sector
represents 4% of the national economy. Sugar cane cultivation and sugar
production remain the main activities in this sector. There is around 67,000
hectares under agriculture, out of which 58,000 hectares are dedicated to sugar
cane cultivation. The food crop and livestock sectors are the other components
of the agro industry.
The net food requirement
of Mauritius amounts to more than 690,000 tonnes annually. Up to 75% of the
country’s food needs are imported, with a net food import bill of more than USD
$ 860 million.
With food security taking
unprecedented importance, Government of Mauritius has identified 4 strategic
crops namely Potato, Onion, Garlic and Banana for the country. Out of these
strategic crops Mauritius is self sufficient in banana and is nearing self
sufficiency in potatoes.
Various important agro
industrial projects have been initiated in the country namely the production of
rice, dairy production, technology based agriculture and production of refined
and white sugar.
- Creative Industries
The role of creativity
and creative people in the newly knowledge economy in Mauritius is gaining
increasing attention. To attract global talents to live and work in Mauritius,
the country is aiming to develop a rich and diversified cultural and artistic
life.
Mauritius with its unique
mix of population has the potential to offer a new form of art to the world, an
art that brings together the richness of Asian,European arts and the vibrancy
of African arts so that it is distinctively and uniquely Mauritian.
- Financial Services
Over the years, Mauritius
has built its reputation as a safe, trusted and secure jurisdiction. Today the
Mauritius financial platform is recognized by international institutions like
the OECD, IAIS, IOSCO, FATF and the IFSB. Financial Services remains one of the
most important contributors to the Mauritian economy, representing 13% of GDP
and directly employing over 15,000 highly skilled professionals. The sector
comprises of major local and international players in banking, insurance,
capital markets, fund administration and management, international legal
services and investment advisory amongst others.
Over the years Mauritius
have been extremely prudent by adopting best international practices in order
to prevent misuse of our jurisdiction and introduce the necessary safeguards.
The appropriate legal and
regulatory frameworks coupled with sufficient level of expertise, attractive
fiscal regime and the vast network of Double Taxation Treaties make the island
an attractive and business friendly jurisdiction for investment purposes.
- Healthcare and Medical Travel
Built on a foundation of
cutting-edge technological innovation, academic excellence, highly skilled and
multilingual workforce, a vibrant entrepreneurial spirit and an enabling
legislative and regulatory framework, Mauritius is developing a fast growing
Healthcare and Life Sciences industry. Mauritius is on its way to become a
healthcare, wellness and medical outsourcing hub par excellence, supported by a
strong pharmaceutical, biotech and medical devices industries, and driven by
high-end biomedical research and innovation.
- Hospitality and Property Development
Mauritius is poised for
significant changes in the next 10 years as wide-ranging infrastructure
projects come to the fore and high-end luxurious developments flourish in the
‘hospitality and property development’ sector.
Investments have been
channeled mainly towards the development of luxurious residential properties,
shopping centres and office parks.
The hospitality and
tourism industry contributes more than 8% to the GDP. The hospitality and
tourism sector is unmatched in relation to the diversity of sectors it
encompasses such as resort hotels, business hotels, leisure parks, green,
cultural and health tourism, restaurants, tour operators and so many others.
There is also a huge
potential for the setting up of marinas to meet the future mooring requirements
of yachts owners. Government has already identified potential and sustainable
sites around the island for marina development.
- Information Technology and Business Process Outsourcing
Through a well developed
and reliable infrastructure, excellent telecommunication facilities and access
to a scalable and stable power grid, Mauritius is emerging as a regional hub
for the provision of outsourcing and telecoms services. The Government of
Mauritius has set the building blocks to position Mauritius as a global centre
for data hosting, disaster recovery, shared services and other high value added
services.
Leading global companies
have trusted Mauritius for its enabling business environment, qualified talent
pool and political as well as social stability. Accenture, Ceridian, Axa
Assistance, Orange Business Services, DHL, Deutsche Bank, Huawei, Infosys,
Hinduja, Intelenet, Apollo Blake and CSS Corp amongst others have chosen to
locate a centre in Mauritius as part of their global delivery strategy.
- Knowlegde
The tertiary education
sector is fast growing and the national gross tertiary enrolment ratio
currently stands at 43%. Leading foreign universities and institutions like
Middlesex University (UK), Vatel Hotel School (France), Birla Institute of
Technology (India), London of Accountancy (UK), NIIT (India), Limkokwing
University (Malaysia) and JSS Academy (India) have trusted Mauritius and have
set up campuses on the island.
An increasing number of
foreign students are now choosing Mauritius to pursue bilingual (English and
French) tertiary education studies. In addition, Mauritius presents a unique
blend of eastern, western and African multi-cultural learning environment to
students, thus offering a global perspective. The island also provides foreign
students an affordable environment to study and a unique lifestyle.
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