To attract both domestic and foreign investment, it is critical for our nation to improve its productivity. This objective is attained through high technology and a more efficient workforce. In the global economy becomes global, our most important competitive asset lies in the skills of our workforce. Virtually all developing countries can design, produce, distribute goods and services equally well and fast. Every factor of production other than workforce skills can be duplicated anywhere in the world.
Capital moves freely across international boundaries.
The latest technologies move via computers from one country to another, all at the speed of electronic impulses. A workforce that is knowledgeable and skilled at doing complex things keeps a nation competitive and attracts both local and foreign investment easily. To help in building our nation's competitive advantage, we set up in the past the Industrial and Vocational Training Board which has continuously provided numerous facilities and grants for building the knowledge base of our nation. Before 1995, the Technology Diffusion Schemes have also contributed in the transfer of expertise and technology. We have additionally helped our export industry by providing through the Development Bank of Mauritius soft loans to increase our investment capabilities.