Budget 2026–2027: Unleashing the Potential of the Blue Economy

The 2026–2027 Budget proposes a range of measures to unlock the potential of the blue economy to drive sustainable growth, food security and job creation. The blue economy is identified as a key driver of future economic growth, with targeted investments in oceanic research, fisheries and aquaculture.

Oceanic Research

The Government aims to position oceanic research as a growth sector in its own right, capable of driving marine innovation and creating new employment opportunities.

An International Centre for Ocean Studies will be established at the University of Mauritius, while the National Research and Innovation Institute will coordinate research activities currently undertaken by the Mauritius Oceanography Institute and the Albion Fisheries Research Centre.

To support the development of the sector, a comprehensive regulatory framework for hydrography—the mapping and measurement of seas, seabeds and coastal waters—will be introduced. A Mauritius Ocean Technology Incubator will also be established to foster innovation and technological development in marine-related fields.

Fisheries and Aquaculture

The 2026–2027 Budget provides for the expansion of the semi-industrial fishing fleet and support for artisanal fishers to facilitate their transition towards higher-yield fishing grounds.

The Economic Development Board will issue international Expressions of Interest for the development of 28 fish farming zones, comprising 20 in-lagoon zones and eight off-lagoon zones, in addition to six barachois.

The Government will also examine the development of a new fishing port equipped with modern landing, storage and processing facilities to improve operational efficiency, reduce post-harvest losses and enhance seafood quality standards.

To strengthen food security and increase local fish production, incentives will be introduced to encourage: bank fisheries; expansion of the semi-industrial fishing fleet; Increased deployment of smart Fish Aggregating Devices; and Investment in industrial bank and tuna fisheries.

These measures are expected to increase local fish production from 5,000 tonnes to 15,000 tonnes over the next three years.

A dedicated programme will also be implemented to accelerate the production of high-value aquaculture species and promote seaweed farming for both domestic and export markets. The programme will support large-scale commercial operators as well as SMEs through access to seed stock, technical assistance, financing facilities, demonstration farms and market development support.

To further encourage aquaculture investment, the Government is introducing a 30 % Freight Rebate Scheme, up to a maximum of USD 200 per container, on approved imported aquaculture feeds; and an allocation of approximately Rs 41 million for the immediate construction of two high-capacity hatcheries at the Albion Fisheries Research Centre.

22 June 2026

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Topics: Fisheries, Ocean Economy