GIS – December 16, 2014: The winner of the first edition of the National Inclusive Business Award, aiming to reward companies that have adopted the inclusive business approach in Mauritius, was announced on Friday 12 December 2014 at Intercontinental Hotel in Balaclava.
An initiative of the Ministry of Business, Enterprise and Cooperatives the NIBA is driven by connectedness, resourcefulness, acceptance, team spirit and harmony. The objective is also to recognise efforts by large businesses to support SMEs.
The winner, Avipro Co. Ltd, was awarded a cash prize of Rs 100,000 and project assistance to the tune of Rs 500,000 from the Mauritius Business Growth Scheme. A Special Jury Award of Rs 50,000 each, sponsored by Winners, was awarded to Chemlog Ltd and Plaspak Ltd for the second place, while the second runner up, J & B Mechanical Engineering Ltd, received a shield.
About Inclusive Business
Inclusive Business is an innovative approach which aims at integrating SMEs into the value chain, be in the field of marketing, operations, service, or procurement. It is a mechanism whereby a large or a medium sized enterprise would outsource some of its core as well as non-core activities to smaller enterprises, thereby contributing to the democratisation of the economy through a vivid form of integration. The following are examples of inclusive business practices:
- Manufacture of components, semi-finished goods and CMT works supplied to large businesses;
- Outsourcing of non-core activities, such as, procurement, logistics, human resources, ICT, transport; and
- Training and capacity building.
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