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Jamaica: More growth expected in energy and tourism sectors
She explained that over the past few years, there have been major investments coming out of Spain and China and the plan is to work closely with the Ministry of Foreign Affairs and Foreign Trade to identify prospects in the various countries in which Jamaica has diplomatic representation.
She informed that part of the strategy is to place market representatives in particular countries of interest “so that those persons can identify and make contact in order to create a targeted approach to the whole investment effort”.
“We are saying, ‘who are the countries that are investing elsewhere in the region that are not currently in Jamaica and how do we identify and target those countries, get in those boardrooms, and seek to position Jamaica with those firms and attract them to come here to Jamaica’,” she said.
She said that JAMPRO recently invited tenders for representatives in China and India. “We feel that Jamaica’s near shore advantage to the US (United States) is going to be of interest to Indian firms,” Mrs. Bennett Templer argued, noting that investors in Latin America and the wider Caribbean will also be targeted.
Another strategy being undertaken is “investment packaging,” which is, packaging existing and potential projects to prospective investors in order to advance discussions.
The President informed too, that the government is looking at the privatisation policy because “what and how we move in that area will influence FDI coming into the country.”
She added that public-private partnership is key on the agenda, with recommendations already completed on how to improve local policies in this regard.
Source: South Florida Caribbean News
