Last update: 13-Dec-2013 12:16 am
Friday, December 13, 2013
Trinidad & Tobago Guardian Online
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Coosal calls for more local content
Businessman Sieunarine Persad Coosal has called for greater use of local content in the construction sector. In the feature address at Wednesday’s opening of the Coosal’s new corporate headquarters at Madras Road, Cunupia, Coosal said: “I am of the view that greater use of local content, capable of providing the same standards and quality and consistency, will redound to the benefit of T&T.” “In terms of employment, the multiplier effect will be associated with optimum levels of employment, from engineers to skilled/unskilled labour, to the generation of small business enterprises, from mom and pop establishments to food vendors and suppliers.”
Coosal said there must be a greater level of transparency and accountability in the award of contracts. He said lack of sustainable government projects in the short, medium and long term severely affects future planning of his company’s work force. “Employees have either to be sent home, or incorporated into other divisions as far as we can. The consequences are thus far reaching,” he said. Coosal said a revolutionary and rigorous transformation of the industry’s regulatory and governance infrastructure and commitment is need. He explained that the new location of the corporate head office allows the company to effectively and efficiently lead and manage an expansive range of operation from a “smart building” occupying 40,000 square feet of office space.
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