– 10 November, 2016: A Salon de L’Emploi et des Petites Entreprises organised by the Ministry of Social Security, National Solidarity and Reform Institutions was held yesterday at the Social Welfare Centre of Quartier Militaire in the presence of the Minister of Finance and Economic Development, Mr Pravind Jugnauth and other eminent personalities so as to promote Small and Medium Enterprises (SMEs) in Mauritius.
The Salon offered a platform for various institutions like Development Bank of Mauritius, Mybiz, MauBank and Small and Medium Enterprises Development Authority to provide additional information related to the setting up of SMEs. Employers and job seekers had the opportunity to network. A Career’s Guidance was organised for young individuals and aspiring entrepreneurs. A Planter’s meet was also scheduled in order to create more awareness on Bio Farming practices.
On this occasion, Minister Pravind Jugnauth referred to the event as an intermediary for youngsters, unemployed and various institutions to work together for the setting up of more SMEs. He stated that education, training and proper information flow is a vital pathway for the setting up of an enterprise. He appealed to the youth to take advantage of free education in Mauritius and to use the acquired knowledge in entrepreneurial sectors. He underlined that a National Incubator Scheme has been launched to support, mentor and stimulate young entrepreneurs to come up with modern and innovative business ideas.
The Minister further stated that SMEs contribute significantly to the economy and employ around 54% of total workforce in Mauritius. There is a need to invest more in SMEs and expand existing ones. One of the budgetary measures i.e the suspension of payment of trade fees for licenses up to Rs 5, 000 for 3 years for all SMEs (excluding gambling, sales of liquor and cigarettes) has been made so as to financially support SMEs and encourage aspiring entrepreneurs, he said.
He also added that two new SME industrial Parks will be set up at Plaine Magnien and Vuillemin and invited local SMEs to tap international markets.
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