InvesTT has embarked on a series of strategic discussions with the local business community, with a view to forging strategic partnerships that will enhance the investment execution capabilities of investors by linking them to the mechanism and specialized services of InvesTT.
A release from the state entity reports that the “first of a series of intimate Investment Discussions” took place at the Hyatt Regency in Trinidad, on Friday 18th March 2022.
The initiative is part of the InvesTT’s mandate to support the economic diversification thrust led by Government, “through the promotion and facilitation of local and foreign direct investments in key prioritized investment areas”.
Among those in attendance were the heads of local companies and/or conglomerates from the membership of the Trinidad and Tobago Manufacturing Association (TTMA) and the Trinidad and Tobago Chamber of Commerce.
President of InvesTT, Sekou Alleyne, delivered an interactive presentation on the agency’s mission, mandate, closed and ongoing investments, and highlighted the services that investors can access, at no cost, through InvesTT.
Sekou Alleyne outlined several InvesTT facilitation services provided to investors, which include, but are not limited to:
● Mapping out and hand-holding through regulatory approvals
● Real estate advisory and site visits
● Strategic interventions with Key agencies
● Facilitating meetings with government officials
● Policy Advocacy
Chairman of InvesTT, Franka Costelloe, described the discussion series as ideal for moving business forward, post-pandemic.
“The Investment Discussion series is designed to be intimate to allow for conversation around the investment climate and opportunities in Trinidad and Tobago,” she explained. “In turn, InvesTT can provide informative answers to investors’ questions and their questions thereby inform us of their interests, priorities and pain points.”
Testimonials as to the effectiveness of partnering with InvesTT were shared by John Hadad, Co-CEO of HADCO Group, and Shaun Rampersad, Chief Operations Officer of Ramps Logistics.
“The agency worked very closely with us with Immigration, and over a very short space of time we had over 20 to 25 engineers coming in to jumpstart the equipment, and the list goes on… InvesTT is open for business…and I recommend them highly,” said HADCO’s John Hadad, who described InvesTT as “very facilitative”.
Shaun Rampersad of Ramps Logistics observed:
“InvesTT weaves the thread that brings the human capital, the financial capital and the opportunity together, to really then turn it into something that can employ people and add value to the country, and I think they do a very, very good job at that.”
InvesTT is expected to conduct follow-up meetings with other leading industry principals over the next few months, to forge opportunities for and explore the benefits of collaboration.