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ISSUE NO 40  MARCH 2015

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Dear Valued Partner

Welcome to the first edition of EM’s newsletter in 2015. This edition is special as it is being launched in the context of government change, presentation of its first budget, appointment of Hon. Ashit Gungah as Minister of Industry, Commerce and Consumer Protection and the appointments of Mr. Arvind Radhakrishna and Mr. Yousuf Salehmohamed as Chief Executive Officer and Chairman of EM respectively.

The Government programme announced by the President of the Republic on 27 January 2015 set the scene and presented Government’s overarching objective “to shape a second socio-economic miracle” by transforming Mauritius into a sustainable, vibrant and innovative country with modern infrastructure, global connectivity, high skills and technology….

Main features of the 2015-2016 Budget Speech

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The Minister of Finance and Economic Development delivered the budget speech entitled “Mauritius at the crossroad” on 23rd March 2015. This budget aims at taking the country to the next level of development.

The 2015-2016 sets four clear objectives:

  • Steer the economy towards a path of high investment, and high employment
  • Secure long term sustainable development for all
  • Achieve achieve greater equity and social justice for one and all
  • Promote transparency and good governance in the management of public affairs

Our New Chief Executive Officer

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Arvind Radhakrishna, newly appointed Chief Executive Officer of Enterprise Mauritius holds a Masters Degree in Economics. Backed by a professional international career spanning over a 20- year period, he has held senior positions in important institutions such as the Mauritius Export Development & Investment Authority (MEDIA), the Mauritius Industrial Development Authority and Enterprise Mauritius. He further established and took charge of MEDIA representative offices for the promotion of exports and investment both in Taiwan and South Africa …

Our New Chairman

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Recently appointed as the Chairman of Enterprise Mauritius, Mr Yousuf Salehmohamed, walked into the professional world at the age of 16.  He started his career by working in a well-known firm of Chartered Accountants. In 1975, he joined a well-known textile group as their accountant where he climbed the corporate ladder till the position of general manager.  He then started his own company acting as suppliers/ buyers agents and also offered his services as consultant in international sourcing and quality control. …

Events from January to March 2015

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  • Fruit Logistica – Berlin, Germany – (4th – 6th February 2015)
  • Première Vision Manufacturing – Paris, France (10th – 12th February 2015)
  • Sourcing at Magic – Las Vegas, USA (16th – 19th February 2015)
  • Foodex 2015 – Chiba, Japan (16th – 19th February 2015)
  • Europe Jewelry and Gem Fair 2015 (JGF) – Freiburg – Germany (22-25 March 2015)

Forthcoming events

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SEAFOOD EXPO GLOBAL
Brussels, Belgium
21-23 April 2015

Seafood Expo Global (formerly European Seafood Exposition) is one of the largest seafood trade events in the world which attracts buyers and suppliers of fresh, frozen, packaged and value-added seafood products, equipment and services. In 2014, SEG was attended by over 1,700 exhibitors from over 75 countries and more than 25,800 buyers from 150 countries…

Country Focus – South Korea

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Heavy reliance on traditional exports destinations such as France, UK and USA is proving to be risky for Mauritius, especially with the Eurozone crisis and the uncertainty regarding the renewal of the AGOA treaty. Therefore, in response to global challenges, it is imperative to expand our market base. It is with this perspective but also considering the interest expressed by some operators from the seafood, sugar and spirits sectors that Enteprise Mauritius(EM) together with Saraholding Now & Future, a local consultant based in Seoul conducted a market survey in  South Korea  to investigate the potential to export selected Mauritian products to this country. …

Industry Focus on the Agro sector : Gourmet Foods Ltd

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Incorporated only in 2011, Gourmet Foods is today among the local market leaders in Foie Gras and duck products. Terracine Foie Gras’ products are the perfect combination between the finesse of Foie Gras and local authenticity.
We met Johann Montocchio and Guillaume Nicolin, respectively Business Development Manager and Operations Manager at Gourmet Foods Ltd, which is a joint venture between Inicia Ltd and Union Sugar Estate. Both Johann and Guillaume are young and talented entrepreneurs who share a common passion and vision for the company ….

Go Export

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SMEs producing for the local market sometimes lack essential skills to export. Consequently, one of EM’s objectives is to build up the capacity of the SMEs and help increase the competiveness of enterprises to respond to global market requirements.
The Go Export initiative was designed to assist SMEs with the following:

  • Capacity building at the level of the entrepreneur
  • Capacity building at the level of products’ improvements
  • Capacity building at the level of enterprise

Such actions address the needs of enterprises in fields of …

Mauritius Convention on Transparency in Investor-State Arbitration 

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Arbitration is the private, judicial determination of a dispute, by an independent third party. Both parties should agree on resorting to the services of an arbitration to resolve the issue of contention. An arbitration hearing may involve the use of an individual arbitrator or a tribunal and the number of arbitrators may also vary. The disputing parties hand over their power to settle the dispute to the arbitrator(s). It is an alternative to court action (litigation), and the ruling of an arbitrating panel is both binding and final. Proponents of arbitration argue that this mode of dispute resolution is faster as the time taken to hand over a ruling is comparably less than court actions. …

International Events 

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INTERNATIONAL FAIRS AND EVENTS 2015

Below is a list of international events that might be of interest to local operators. Enterprise Mauritius will not participate in these events.

Every effort is made to ensure that the information given is up to date and accurate. You are however, advised to reconfirm dates and other information from respective fair organizers.

Knowledge Centre news

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The Knowledge Centre is a specialized, referenced, and computerized Trade Information Centre. Its main objective is to assist and proactively disseminate up-to-date, strategic and operational information to business operators. The Centre is involved in the collection, processing, dissemination, research, and links to useful intelligence sources.

The specialized collections 2014 and services of the Knowledge Centre are designed to meet the critical information requirements of a broad base of organizations, including those of small and medium-sized enterprises.

People on the move

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Mrs Sheetal Jankee-Ramanah left Enterprise Mauritius this month. She joined Enterprise Mauritius (EM) in October 2011 as IT System Administrator and was in charge of the internal IT infrastructure of the organization. Academically,

Sheetal holds a Master of Science in Computer Networks, Degree of Bachelor of Science in Computer Science and Engineering from reputable institutions…