Mauritius sets up ‘Fast Track Committee’ into work permit applications

Mauritius Finance Minister Dr Renganaden Padayachy has said that the Government is looking at production factors in 2023 and a Fast Track Committee has been set up to look into work permit applications for enterprises and associations and how to improve the procedure between the application and approval process.

The statement came during the sixth Public-Private Sector Joint Committee (PPJC), held at the Hennessy Park Hotel, in Ebène, this week, during which limiting inflation at the local level, stabilising the rupee and prices as well as facing challenges for the year 2023 were at the core of the discussions.

The institutions present included the Mauritius Export Association, L’Association des Hoteliers et Restaurateurs de l’Ile Maurice, the Mauritius Chamber of Commerce and Industry, the Mauritius Bankers Association, and the Stock Exchange of Mauritius.

In a statement after the meeting, Finance Minister Dr Renganaden Padayachy highlighted the importance of the continued dialogue with captains of the private sector so as to identify key challenges and introduce necessary measures to support them.

Dr Padayachy stated that another issue raised during the PPJC was the hike in electricity tariffs. He said that discussions focused on finding solutions for small enterprises so as to limit the impact of the surge. Future inflation and cost of doing business were also on the agenda.

Speaking about the depreciation of the rupee, Dr Padayachy said that the strong demand for currencies has put a lot of pressure on the value of the rupee. He however reassured that the Bank of Mauritius is looking into the matter and will take necessary actions.

Source: GIS Mauritius