Emerging Economic Sectors in Mauritius
EMERGING ECONOMIC SECTORS IN MAURITIUS
INTRODUCTION 1
LAND USE 2
RENEWABLE ENERGY 5
BUSINESS PROCESS OUTSOURCING (BPO) 8
MARINE RESOURCES 15
MEDIA AND ENTERTAINMENT INDUSTRY 18
BIOTECHNOLOGY AND BIOMEDICAL 19
CONCLUSION 23
INTRODUCTION
In the recent years the Mauritian economy has seen a lot of diversification with the emergence of several new sectors to add to the traditional sectors that are Sugarcane Industry, Manufacturing and Tourism. The land that was covered with sugarcane is being converted to diverse uses. We are now exploring possibilities of producing energy locally with renewable sources as far as possible. Ebene was formally just a sugarcane field is seeing the emergence of new town where many foreign businesses have outsourced some of their operations, giving rise to very important BPO sector. Developments are coming that extract the full potential of our marine resources with the introduction of land based oceanic industry and other projects to make best use of our marine resources. Also diverse enterprises have emerged in the entertainment field. Mauritius is positioning itself as a medical hub with the arrival of medical institutions like the Apollo Hospital and other institution in the biotechnology and biomedical field. Theses few emerging sectors are detailed below.
LAND USE
Three quarter of the Blue planet is covered with water and the 6 billion people around the world live on the remaining land surface, which is approximately 140 million km².
For several decades, owing to the rising world population, our land resources are constantly under pressure to supply the increasing demand for the basic needs.
Our land resources are fragile and non-renewable. They include soil for agriculture; land cover for the environment and landscapes which are important for human habitat and wellbeing.
Since 1945, an estimated 1.2 billion hectares of land worldwide have been moderately or strongly
INTRODUCTION 1
LAND USE 2
RENEWABLE ENERGY 5
BUSINESS PROCESS OUTSOURCING (BPO) 8
MARINE RESOURCES 15
MEDIA AND ENTERTAINMENT INDUSTRY 18
BIOTECHNOLOGY AND BIOMEDICAL 19
CONCLUSION 23
INTRODUCTION
In the recent years the Mauritian economy has seen a lot of diversification with the emergence of several new sectors to add to the traditional sectors that are Sugarcane Industry, Manufacturing and Tourism. The land that was covered with sugarcane is being converted to diverse uses. We are now exploring possibilities of producing energy locally with renewable sources as far as possible. Ebene was formally just a sugarcane field is seeing the emergence of new town where many foreign businesses have outsourced some of their operations, giving rise to very important BPO sector. Developments are coming that extract the full potential of our marine resources with the introduction of land based oceanic industry and other projects to make best use of our marine resources. Also diverse enterprises have emerged in the entertainment field. Mauritius is positioning itself as a medical hub with the arrival of medical institutions like the Apollo Hospital and other institution in the biotechnology and biomedical field. Theses few emerging sectors are detailed below.
LAND USE
Three quarter of the Blue planet is covered with water and the 6 billion people around the world live on the remaining land surface, which is approximately 140 million km².
For several decades, owing to the rising world population, our land resources are constantly under pressure to supply the increasing demand for the basic needs.
Our land resources are fragile and non-renewable. They include soil for agriculture; land cover for the environment and landscapes which are important for human habitat and wellbeing.
Since 1945, an estimated 1.2 billion hectares of land worldwide have been moderately or strongly
References: http://www.cababstractsplus.org/abstracts/ 05/03/2010 http://www.accessexcellence.org/RC/AB/BC/what_is_biotechnology 07/03/2010 http://en.wikipedia.org/wiki/Biotechnology 08/03/2010 Biotechnology in Mauritius: current status and constraints by Daneshwar Puchooa http://www.investmauritius.com/Newsletter_Nov09/bio.html 13/03/2010 ‘Mauritius opens to the world’ by the ‘Board of Investment’ Page 12 13/03/2010 CONCLUSION The arrival the of many new sectors in the Mauritian economy of many new sectors has diversified it such that we are no longer dependent on a few sectors and trades agreements like a few years back. We can even say that Mauritius face the global financial crisis with honorable results because we now have a diversified economy while some sectors like tourism and textiles suffered from the financial crisis others were not affected even saw opportunities like the BPO sector, where companies were more encouraged to outsource their activities to Mauritius because of the lower labour cost. In the future, the emerging sectors will further diversify our economy thus making it more resilient.