– 23 November, 2016:
The Ministry of Business, Enterprise and Cooperatives organised a validation workshop on a 10-year Master plan for the development of globally competitive Small and Medium Enterprises (SMEs) at Hennessey Park Hotel in Ebene this morning. The Master plan, elaborated by a local private consultancy firm, is expected to position Mauritius as a high-income economy by 2030.
The Minister of Business, Enterprise and Cooperatives, Mr Soomilduth Bholah opened the one-day workshop which was attended by representatives of different ministries, banks, stakeholders and Small and Medium Enterprises Development Authority.
On this occasion, Minister Bholah underlined that the Master Plan is a ‘game changer’ in navigating a new development path for SMEs. He expressed confidence that SMEs in Mauritius can become potential engines of economic growth if local and external changes such as Brexit and the aftermath effects of the United States elections can be sustained.
He invited operators in the SME sector to explore the benefits of globalization and invest in higher value-added products in order to resist competition both at local and international levels. He further added that the 10-year Master Plan is an innovative and appropriate mechanism to devise new approaches to build a robust entrepreneurship culture in Mauritius.
The proposed Master Plan will be highly adaptable to environmental and structural changes. However, he appealed for a strong public and private partnership for its successful execution.
The workshop encouraged discussions on the constraints, challenges, strategies, action plans and methodologies related to the setting up and the implementation of the Master Plan. It consists of five main objectives which are to improve SME competitiveness, foster high growth potential SMEs, upgrade skills and job opportunities, improve value addition and increase market share.
The Plan is expected to help infuse resilience and vigour to the entrepreneurial fabric of the economy and support the transformation of SMEs into more competitive entities.
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