GIS - 29 October 2013: A Small and Medium Enterprises (SME) Fair aimed at giving a boost to the sector, will be held from 30 October to 3 November 2013 at the Municipal Council of Vacoas-Phoenix. Organised by the Small and Medium Enterprises Development Authority (SMEDA), the fair will be officially opened by the Minister of Business, Enterprises and Cooperatives, Mr Jangbahadoorsing Seetaram.
The fair is intended for SMEs having an annual turnover not exceeding Rs 50 million. It will exhibit a wide range of products offered by local entrepreneurs, selected from across the country. This event represents an appropriate platform for around 100 local SMEs and entrepreneurs to showcase, promote and sell their products to the public. The fair will also allow entrepreneurs to network and develop linkages with other SMEs, suppliers, traders, industrial buyers and large enterprises.
Its primary objective is to raise awareness about the know-how of local entrepreneurs, and hence to increase the visibility of locally-manufactured products. The fair will bring together SMEs operating in the following sub-sectors: textiles, leather products, jewellery, wood carving and sculpture, decorative handicrafts, plants and other value-added products.
According to statistics, the SME is a growing sector in Mauritius, representing 40% of the Gross Domestic Product. Among the 9 300 jobs created in 2012, around 8 000 were from the SME sector. From January to May 2013, 614 new enterprises have been registered at the SMEDA.
In a bid to transform Mauritius into a nation of entrepreneurs, several incentives and facilities have been put in place to boost the SME sector. Amongst them, the Mauritius Business and Growth Scheme Technical Assistance Scheme, the SME Financing Guarantee Scheme, participation in public procurement, promotion of the ‘Made with Care’ label, construction of industrial spaces for SMEs at affordable tariffs, and the Start-up Entrepreneurship Scheme.
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