From Innovation to Market Access: Mauritius Textile and Apparel Industry as a Premier Destination for Sustainable Sourcing and Investment The - Première Vision Paris
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Enshrined in an exotic landscape, Mauritius has achieved remarkable success in the textile and apparel industry, setting an example for sustainable growth and innovation. With a visionary approach, its diversification strategies, a strong focus on sustainability, and a culture of innovation, Mauritius has established itself as a regional leader in the sector.
This commitment to excellence has positioned Mauritius as a preferred manufacturing destination for international brands seeking uncompromising quality and craftsmanship. From Woolworths and The Foschini Group to Armani and Calvin Klein, the island nation has become a preferred supplier to renowned global brands. Mauritius textile and apparel industry has earned a reputation for its manufacturing excellence and stringent quality standards. Through continuous investments in state-of-the-art infrastructure, advanced technology, and highly skilled manpower, the industry consistently delivers products of exceptional quality.
The textile and apparel manufacturing companies in Mauritius have demonstrated their commitment to sustainability and responsible practices by adhering to a range of international standards. These standards serve as benchmarks for ethical sourcing, environmental stewardship, and the overall sustainability of enterprise operations. Some of the prominent standards complied by these companies include Global Organic Textile Standards, OEKO – TEX, Zero Discharge of Hazardous Chemicals, REACH, SMETA, Sustainable Apparel Coalition and Science Based Target Initiative.
These innovations and efforts to adopt sustainable practices position Mauritius as a destination for ethical, responsible, and sustainable production.
Unlocking Investment Potential: Mauritius Textile and Apparel Industry’s Success Story
Mauritius is recognized as a leader in Africa when it comes to global innovation, tax efficiency, and its extensive network of Double Taxation Avoidance Treaties (DTTAs) and Investment Promotion and Protection Agreements (IPPAs). These factors establish Mauritius as a secure and reliable investment destination with a strong foundation for success.
The textile and apparel industry in Mauritius offers enticing investment opportunities, thanks to a range of fiscal incentives and preferential market access. Investors in this sector can benefit from a variety of attractive incentives, including a 3% Corporate Tax derived on export revenue, 8-year tax holiday under the High-tech Scheme (for eligible products), duty-free import and export of raw materials, VAT exemption on raw materials, accelerated depreciation, and more.
In addition to its attractive fiscal incentives and technological advancements, Mauritius provides unparalleled market access to around 70% of the global market. The country has established trade agreements with major regions such as the EU, UK, USA, COMESA, SADC, Pakistan and Turkey.
Furthermore, the recently signed Mauritius-China Free Trade Agreement and the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with India further enhances market opportunities for businesses. These agreements contribute to enable businesses to tap into vast markets, expanding their reach and growth prospects.
These incentives, combined with the solid ecosystem support exports and make Mauritius an ideal location for businesses in the textile and apparel industry.
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Contact
Mr. Geerish Bucktowonsing
geerish.bucktowonsing@edbmauritius.org