Mauritius’s textile industry is recovering well but still faces challenges

Mr. Francois, Chairman of the Mauritius Employers Federation, said recently that the Mauritian textile industry has rebounded well in 2011 and the number of orders from companies has increased. In order to complete orders on time, some companies have begun to recruit workers and expand. This is due to the fact that Mauritian textile companies have continued to explore new business ideas during the past two years, broadened export channels, and reduced their dependence on traditional European and American markets; in addition, they have actively developed new products to meet the diversified needs of customers.
Mr. Francois also pointed out that the Mauritian textile industry will still face challenges amid the still uncertain international economic situation. First of all, the unstable exchange rate between the Mauritian rupee and the major foreign exchange pounds, US dollars and euros may cause operators to suffer losses. For this reason, some companies call on the government to introduce measures to stabilize the exchange rate to maintain the competitiveness of the rupee. In addition, companies receive mostly short-term orders, medium and long-term The business prospects are still unclear, making it more difficult for companies to formulate long-term development strategies.