Last update: 10-Dec-2013 1:42 am
Tuesday, December 10, 2013
Trinidad & Tobago Guardian Online
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Bharath hails return of Southex
After a six-year hiatus, the south business community has embraced the return of the much anticipated business event SouthEx to the city of San Fernando. SouthEx opened on Wednesday at the SAPA, featuring over 60 companies, featuring various sectors such as information technology, automotive, industrial, energy technology, fashion and food. In delivering the feature address at the opening ceremony at the Sundar Popo Theatre, Trade Minister Vasant Bharath applauded the organisers on their diligent work in reintroducing such a beneficial event for the people and businesses of the south region and T&T as a whole.
Bharath said: “The global economy has been grappling with the impact of the financial crisis and global recession since 2008 and many countries in the Euro Areas, United States of America and Japan and Caricom states were hard hit. We live in a global world where we are all inter-connected and are not cocooned from economic shocks.” The minister highlighted some of the positive indicators that shows that T&T’s economy has been recovering and anticipates a further growth of 1.6 per cent in 2013 and 2.5 per cent in 2014. “This growth has been done by spreading hubs of economic activity from its centralised position in Port-of-Spain and building hubs outside the traditional areas throughout Trinidad and Tobago to provide investment opportunities for businesses,” he said, adding that an event like Southex provides opportunities for businesses to showcase their goods and services, triggering further growth and development of their businesses and the economy.
“While the macro economic factors have grown significantly, it must however translate into investment dollars that both arrive and stay in Trinidad and Tobago. Investors want less bureaucracy, transparency and consistency of standards of service,” Bharath said. Also speaking at the ceremony was Carolyn Seepersad-Bachan, minister of Public Administration and MP for San Fernando West. She also congratulated the organisers on bringing SouthEx back to San Fernando as it offered an opportunity to showcase the skills, culture, innovation, creativity and entrepreneurship of the citizens of south Trinidad. Seepersad-Bachan described Southex as the “ideal incubator for growing businesses in all sectors of Trinidad and Tobago” and called for more events of that nature.
Daphne Bartlett, President, San Fernando Business Association; Rakesh Goswami, Executive Vice President, Enterprise, TSTT; and George Singh, CEO, Southex also delivered remarks at the ceremony which was followed by an official tour of booths at the exhibition.
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