Establishment of a Synthetic Yarn Spinning Plant

The global technical textiles market was valued at over USD 200 billion in 2024 and continues to expand rapidly, driven by demand for high-performance materials in construction, automotive, healthcare and agriculture.

Synthetic yarns such as polyester and nylon are the backbone of this growth, with end uses spanning apparel, carpets, upholstery, ropes, industrial fabrics and home textiles. Despite this vast demand, Africa has no synthetic yarn spinning facility, forcing regional manufacturers to depend on costly imports from Asia and Europe.

By combining these global, regional, and policy dynamics, the project presents a unique first-mover advantage to position Mauritius as a competitive hub for both traditional apparel inputs and the fast-growing technical textiles sector, while diversifying its industrial base and attracting new investment.

Project Location:

Mauritius

Contact

Economic Development Board

Actions Required/ Implementation Arrangements/ Contract Type:

Incentives:
Fiscal Incentives

• Corporate tax at 15%
• 3% corporate tax on profits derived from exports
• No import duties on equipment and raw materials
• No export duties
• VAT on raw materials is payable at customs clearance but is reimbursable on export
• Accelerated depreciation of machinery, equipment and construction of industrial premises dedicated to manufacturing activities
• VAT exemption on 3D printing technologies
• Tax incentives for R&D.

Investment Certificate
Companies engaged in high-tech manufacturing will benefit from an eight-year income tax holiday, exemption from registration duty and land transfer tax, as well as VAT exemptions on buildings, plant, and machinery.

Premium Investor Certificate
This grants bespoke incentives to companies investing at least Rs 500 million, including customised tax rebates, exemptions, preferential rates, and facilitation for land, infrastructure, utilities, and labour, subject to EDB and Ministerial approval

Investment Required

USD 100 million (land, building, machinery and production units)