Luxury Indian Ocean LUXURY INDIAN OCEAN #8 EDITION 2019 | Page 72

BUSINESS “While brands have an extremely convincing power in the media, their impact is essential in making our destinations and their cultural specificities known” CATHERINE GRIS, Former Chief Executive of the Association of Mauritian Manufacturers Are there initiatives set up by companies or governments in the Indian Ocean, advocating the circular economy, which could inspire Mauritius? Reducing how our lifestyle impacts on the climate and on our resources should be our top priority, and the circular economy is a matter of concern for EVERYONE: politicians, economic stakeholders, consumers, NGOs, national and international organisations. Unfortunately, a great deal of inertia should be uprooted from our current model of linear economy, currently consisting of "extracting raw materials, producing, making use of the product in an ephemeral manner and disposing of it after a short while". The key issue is therefore a radical change of that model: we should create a bioeconomy which respects our resources by reducing our consumption of raw materials, and sustaining our fragile ecosystem. The Mauritian authorities, who are willing to implement the 3R strategy (Reduce, Reuse, Recycle), are considering the Waste To Energy recourse - exploiting waste materials to produce electricity. We could draw valuable inspiration as well from the proactive plan "Objectif Zéro déchets 2030" carried out by the Réunion Region, and identify synergies to establish a better structure for waste management processing sectors at a regional level. 72 In your opinion, which are the sectors with a strong growing potential in the Indian Ocean in 2019-20? Certainly those which focus on a knowledge hub and the healthcare industry: cosmetics and pharmaceuticals deriving from active ingredients such as those extracted from the ocean (seaweed) and nature (essential oils). Likewise, there is a call for new innovative manufacturing models which can directly supply our domestic markets and export products and services which will ostensibly evolve in the value chain. Finally, all the activities in line with the circular economy, promoting the repair and recycling approach, along with modern services related to digitalisation, the blockchain, and artificial intelligence. Why is branding important when promoting local products and services? Do other islands in the Indian Ocean have any examples you could name? While brands have an extremely convincing power in the media, their impact is essential in making our destinations and their cultural specificities known. Like everywhere else, aren’t our visitors and consumers looking for a unique and meaningful experience? There is no better way to communicate with them than through our labels: Made in Moris, Nou La Fe in Reunion Island, Malagasy Ny Antsika in Madagascar - they are all key players in valuing our know-how and worth!