Dear Valued Investors,
As we welcome you to the first edition of our 2014 newsletter series, let me renew my best wishes to our partners for a fruitful year ahead.
In 2013, global FDI inflows rose by 11% to reach about USD 1.46 trillion. Developing nations remained the largest host markets, accounting for 52% of FDI inflows. With economic growth estimated at 3.7% globally in 2014 and the rising confidence among global investors, global FDI inflows are certainly expected to swell this year.
Our actions are all geared towards securing quality investments that will enable job creation and reap into higher growth for the country.
Our focus is to increase both the breadth and depth of existing as well as new pillars of the economy. Accordingly, in line with the recently published Road Map on the Ocean Economy, we will intensify our efforts to attract more global players to seize opportunities in ocean-related activities.
As a diversified economy, it is essential to equally maintain and further develop our existing manufacturing base. As part of our 2014 action plan, efforts have already been deployed earlier this month to attract investors from South Africa and India with a view to implementing high-precision and value-added manufacturing in Mauritius in order to service the regional markets.
At the same time, we continue to attract international film producers to shoot feature films and high-end commercials. Last year, ten producers from China, India and France, amongst others, have benefited from the Film Rebate Scheme.
We foresee this activity will lead to the development of a whole range of services with a high-job-creation capability, namely in the area of professional equipment rental, studios, transport, logistics and hospitality.
As part of our actions to enhance BOI’s administrative efficiency, we have launched an interactive electronic platform that will ease the application process for occupation permits and modernize the issuance of registration certificate as well as the payment of fees.
This edition of our newsletter features an article on the positioning of Mauritius as a leading ship registry in the region. It also includes an in-depth analysis of the agricultural sector in Africa.
We are confident that 2014 will allow us to renew our working relations with all stakeholders to further promote the development of new sectors as well as investment opportunities.
I thank you for your continued trust in our partnership.
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