Contributions of SMEs have been more significant to the Mauritian economy since the past few years. According to the census of economic activities for 2007, the gross output of the SME sector was Rs 72.9 billion compared to Rs 29.1 billion in 2002. The sector contributed up to 20 % of the country’s Gross Domestic Product and provided 40% total employment, that is employing 208 797 individuals.  The number of small production units has also increased from 74 928 in 2002 to 91 979 in 2007.

Government has committed itself to provide the necessary support and create a more conducive and business-friendly environment. A number of measures such as the introduction of the Business Facilitation Act 2006 and the simplification of bureaucratic red-tapes have been taken by the authorities to promote entrepreneurship.

Dr. Jeetah highlighted that the various measures put in place have been instrumental for the development of the SMEs sector in Mauritius. In its quest to encourage Mauritians to set up their own businesses, the Government has reviewed the SMEs support and financing programmes by improving the support framework for SMEs and expanded the range of financing instruments.

As yet another new financial facility, Government has invested nearly Rs500 million for the setting up of a Manufacturing Adjustment and SME Development Fund for improving competitiveness and facilitating the restructuring of enterprises.

The Minister also announced that two SMEs Park Villages at La Tour Koenig and Terre Rouge for light and medium industries will be operational by the end of this month.