The Minister of Finance and Economic Development, Mr Pravind Kumar Jugnauth, held pre-budget consultations, last week, with stakeholders involved in the following economic sectors namely: Housing; Ocean Economy; Fisheries; Aquaculture; Seafood; Fish Farming; Livestock; Dairy; Manufacturing; Textile; Pharmaceutical; Jewellery; and Printing
During the consultations, the Minister emphasised the need to adopt innovative measures to give a further boost to these traditional sectors. According to him, innovation is a prerequisite in the existing sectors so as to help the economy prosper.
The Finance Minister also had the opportunity to take stock of the proposals of the various stakeholders, who expressed appreciation for being given the opportunity to share their expectations before the forthcoming budget exercise.
Representatives of the private sector also gave an overview of the constraints facing the particular sectors due to external factors. Minister Pravind Jugnauth responded positively to the requests and stated that he will implement, as far as possible, some of the proposals, which are both in the interest of the country as well as for those evolving in the sectors mentioned above.