Displayed with permission from allAfrica.com
The Small and Medium Enterprises Development Authority (SMEDA), a Government institution operating under the aegis of the Ministry of Business, Enterprise and Cooperatives officially launched the “Salon des Petites et Moyennes Entreprises” (PME) yesterday at Esplanade Basdeo Bissoondoyal, Port Louis Waterfront. The objective of the event is to enhance the visibility of locally manufactured products and to stimulate access to markets. The fair is expected to attract some 15,000 visitors.
The Salon des PME aims at raising awareness about the savoir-faire of local Small and Medium Enterprises (SMEs) and increasing the visibility of locally manufactured products. More than hundred entrepreneurs are participating in the salon. The opening was done in the presence of the Minister of Business, Enterprise and Cooperatives Mr Sunil Bholah, the Chairperson of SMEDA, Mr Parama Valaydon, the Managing Director of SMEDA, Mr Phalraj Servansingh, the Chief Executive Officer of MauBank, Mr Sridhar Nagarajan and other eminent personalities.
In his address, Minister Bholah recalled that one of the key objective of Budget 2016-2017 is to usher in a new era of development through the growth of the SME sector. He underlined the current contribution of SMEs which amounts to 40% of the Gross Domestic Product (GDP) and he also added that the SME sector employs around 301,392 persons, representing 54.6% of total employment in Mauritius.
According to the Minister, various policies, action plans and programs through mentoring, coaching and provision of adequate business development support and incentives have been designed to assist SMEs to develop and grow. One of them is the SME Financing Scheme of MauBank which operates at a rate of 3% and more than 50 aspiring entrepreneurs have already benefited from the scheme.
Salon des PME
The Salon des PME provides a platform for entrepreneurs to showcase, promote and sell products to individual/corporate buyers as well as to visiting tourists. SMEs and enterprises not having an annual turnover exceeding Rs. 50m in the manufacturing as well as the services sector are participating in the event.
This platform can also be used by SMEs to network and develop linkages with other enterprises, suppliers, traders, industrial buyers and large enterprises.
The Salon des PME will be open to the public from 10.00 to 18.00 hours till Sunday 6th November 2016.