InvesTT Trinidad and Tobago, the national investment promotion agency charged with the responsibility to attract foreign investment to the country, last week hosted a joint Government and business delegation from China’s Hunan Province. The delegation arrived on August 12 for a two day visit to this country, during which time they met with Evolving TecKnologies and Enterprise Development Company Limited (e TecK), The Eco – Industrial Development Company of Tobago (EIDCOT), the Ministry of Food Production and its state agencies to explore available investment opportunities.
The Hunan Province delegation was led by Mr. He Boaxing, Vice Govenor of Hunan Province, and consisted of several officials and entrepreneurs, mainly in the agriculture and mining industries. Mr. Robert Salandy, President of e TecK, treated the delegation to a tour of the Tamana InTech Park where they viewed available lots ready for leasing as well as the signature building of the University of Trinidad and Tobago (UTT) which is 75% completed.
A brief seminar held at the Park’s Flagship building followed where the delegation was given an overview of the local business environment by InvesTT’s recently appointed Vice President, Investor Sourcing, Mr. Shyamal Chandradathsingh. CEO of UTT, Professor Dyer Narinesingh presented on the campus’ strategies for achieving its vision, stating that international partnerships are required in order to have synergy between the businesses at the park and the UTT campus. E-IDCOT was represented by that company’s new CEO, Mr. Bernard Mitchell, who shared insight on the investment opportunities and business climate of Tobago. Central to investment opportunities discussed with the delegation by InvesTT, was the solar technology park project, an estimated $1.8 billion investment with direct proposed employment of 2000 persons.
Further investment opportunities, within the agriculture sector, were explored on the second day of the delegation’s visit, when they met with the Minister of Food Production, Senator the Honourable Devant Maharaj at the Hyatt Regency. State agency under the Ministry of Food Production, National Agriculture Marketing and Development Corporation (NAMDEVCO), was present and made a contribution on the need for increased technology and requisite skill to increase the industry’s efficiency and quality of output. Department heads at the Ministry discussed the desire to increase the capacity for the production of improved varieties of rice and the setup of a honey production and testing facility, referencing work being done by China in both areas. Ministries and state agencies were requested by the delegation to provide a list of projects and requirements, equipment needs and processing technology requirements. Also present at Tuesday’s meeting were representatives from UTT and meeting organizer, InvesTT.
The visit of the Hunan Province Delegation comes two weeks after a visit to this country by the China Council for the Promotion of International Trade (CCPIT) and their business delegation. Both visits are direct results of the investment mission to China co-ordinated by InvesTT in February of this year.