This special edition of the newsletter provides a highlight of the first budget of the new Government under the leadership of the Right Honourable Prime Minister, Sir Anerood Jugnauth, GCSK, KCMG, QC.
We welcome the confidence placed in the Board of Investment by the Minister of Finance and Economic Development, the Honourable. Seetanah Lutchmeenaraidoo in his Budget Speech.
The 2015/2016 Budget steers the economy towards high investment and high employment, long-term sustainable development, greater equity and social justice and good governance.
The Board of Investment is entrusted with the posting of trade and investment managers in eight strategic cities around the world. BOI will also manage the ambitious reverse brain drain scheme for our professionals of the Mauritian diaspora. Furthermore, the Investment Promotion Act is being amended to give extended powers to the fast-track committee - particularly regarding EIA, morcellement, building and land use, and land conversion permits - with the BOI providing support to public bodies on the review of systems, procedures and guidelines in the context of ease of doing business.