| Industry
Industrial development and
manufacturing in the Maldives will continue to be based on the reality
that income earning opportunities lie in winning niche global markets because
of the small size of the population and lack of a sizeable domestic market.
Administrative reforms are
underway to further promote industrial investment by making the already
hospitable policy environment more transparent. This is being done through
revision of the Foreign Investment Act and strengthening of the mandate
and functions of the Foreign Investment Services Bureau.
Due to liberal open economic
policies and good access to markets in Asia and Europe, foreign investors
are well placed to benefit from existing markets or to venture into
new maerkets. |