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e-TecK chairman: Tobago’s Magdalena Grand increases revenue by 52%
An increase in revenue by 52 per cent for the Tobago-based Magdalena Grand Beach and Golf Resort is the achievement which Anand Ragbir, chairman, Evolving Tecknologies and Enterprise Development Company Ltd (e-TecK), is reporting after more than a year as chairman.
On August 1, 2011, Efm Hospitality became the official operator for then Vanguard Hotel Ltd, which was formerly Hilton Tobago and now called Magdalena Grand Beach and Golf Resort. Then Trade and Industry Minister Stephen Cadiz had said the hotel was important to Tobago’s tourism sector. Cadiz had said the Government was fully committed to the tourism industry and had secured funding approval US$25 million for the hotel’s upgrade.
On April 1, 2013, Ragbir received his instrument of appointment. He was appointed through a Cabinet committee overseeing State board appointments. Ragbir spoke to the Business Guardian about his accomplishments on July 2 at Hilton Trinidad and Conference Centre, St Ann’s.