Last update: 11-Dec-2013 10:53 pm
Wednesday, December 11, 2013
Trinidad & Tobago Guardian Online
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Returning nationals link with InvesTT
Obstacles confronting overseas nationals returning home are nothing short of onerous, said US-based T&T national Arlene Graham at the launch of the Caribbean Returning Nationals Foundation (CRNF) on Friday night. Graham said her own challenging experiences with government agencies for the most basic of services led to the formation of the CRNF.
Speaking before an audience that included Margaret Diop, Charge d’Affairs at the Embassy of the United States and Nicholas Galt, vice-president of the American Chamber of Commerce (Amcham) at the launch at the Central Bank in Port-of-Spain, Graham expressed the hope that by forging links with public sector agencies, CRNF could help reduce the many inconveniences returning nationals face.
The group has also formed an alliance with InvesTT and created a business incubator for returning nationals. Graham said CRNF will function as a non-profit organisation with a sister company, Global Idea Synergy LLC, serving as a clearing house to help the Foundation implement “global projects” in areas that are in high demand. Sekou Alleyne, manager of investor sourcing at InvesTT said the mission is simply to attract, facilitate and retain investment in T&T while the vision is to make T&T a sustainable and diversified economy.
He said while T&T has done very well in attracting investment in the oil and gas sector, InvesTT is seeking investment to significantly develop other sectors such as maritime, ICT, downstream energy, renewable energy, tourism, the creative sectors and light manufacturing. “InvesTT as part of that economic development landscape focuses on these sectors.
“We look at the sub-sector under each sector to really sell T&T. On each sub-sector, we focus on a value proposition and a unique selling proposition that would encourage either local or foreign investors to choose us over any of the other regional and international countries that may be looking at in terms of where they leave their investment,” he said.
“In the ICT arena, we are currently focusing on IT services, call centres, as well as data centres in T&T and those are three major areas that we are focusing in terms of going to market for investment. “Under each of those areas you will find unique selling proposition that we go to market with in terms of labour cost infrastructure, ease of doing business in T&T, that you will be able to wrap your arms around in terms of making an investment decision.”
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