Manufacturing - New Industries
Harnessing Technology & Innovation to move towards Smart Manufacturing
The manufacturing sector remains a major GDP contributor (12.9% in 2018) of the Mauritian economy. Advancement in technology, changing consumer preferences, demographics, digitalisation are shaping the future of the manufacturing sector. Lately there has been a fundamental shift for companies moving away from high cost to lower cost emerging markets.
In line with Government’s Vision 2030 and its ambition to join the league of high-income countries, there is much emphasis on revamping the manufacturing industry through diversifying its industrial base and adopting a value-added strategy.
Development of the Manufacturing- New industries (MNI) is geared towards production of high value-added products which represent opportunities for high growth and have great export potential.
Some of the priority sub sectors which have been identified are as follows:
- Jewellery, watchmaking, precious stones
- Pharmaceutical and Medical Devices
- Original Equipment Manufacturing
- Chemicals and other related products
- Printing and Packaging
- Food processing
- Technical textiles (excl. garments)
Manufacturing Value added (Rs billion) : 19.7
GDP growth rate (%) : 4.7
Employment : 31,700
GDP Contribution (%) : 4.7
Domestic Exports (Rs billion) : 8.1