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WEEKLY NEWSLETTER
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Seychelles
Index
Owing to the small size of the local market and the
lack of
raw materials, manufacturing occurs on a very limited
scale. As
of 1991, only 2,563 persons were employed in a total of
eightyeight enterprises, twelve of them parastatals. Most
employed
fewer than ten people, and only five firms employed as
many as
100. A number are
import-substitution industries (see Glossary),
the largest of which is a brewery and soft drink plant.
Other
firms include cigarette, clothing, paint, plastics, and
furniture
factories, cinnamon and coconut processing plants, and
some
handicrafts catering to the tourist industry. To encourage
foreign interest in the manufacturing sector, the
government has
developed a new investment code guaranteeing full
repatriation of
profits and capital, protection against nationalization,
free
import of capital goods, and other incentives. The
government
reserves the right, however, to require that the state
share an
interest in larger-scale industrial activities.
Data as of August 1994
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