Fran­ka Costel­loe has been ap­point­ed the chair­per­son of In­vesTT Lim­it­ed board of di­rec­tors.

Trade and In­dus­try Min­is­ter Paula Gopee-Scoon ex­pressed con­fi­dence in the com­bined ex­pe­ri­ence, knowl­edge and skillsets which each mem­ber brings to the new In­vesTT board.

Gopee-Scoon al­so ex­pressed her ap­pre­ci­a­tion for their will­ing­ness to serve, and ef­fect the right poli­cies and in­vest­ment pro­mo­tion strate­gies on be­half of the Gov­ern­ment.

The fun­da­men­tal role of In­vesTT, the na­tion­al pro­mo­tion agency, is to at­tract FDI in­to the coun­try’s pri­ori­tised non-en­er­gy sec­tors, to dri­ve the econ­o­my’s di­ver­si­fi­ca­tion thrust.

Of par­tic­u­lar im­por­tance, the Min­is­ter not­ed the Agency’s com­mit­ment to mar­ket­ing and ten­ant­i­ng the in­dus­tri­al parks, name­ly, Tamana In­Tech Park, Moru­ga Agro-Pro­cess­ing and Light In­dus­tri­al Park and the Phoenix Park In­dus­tri­al Es­tate.

“The ho­n­ourable min­is­ter recog­nised the need to re­vi­talise the non-en­er­gy sec­tor and build re­silience in the face of the glob­al chal­lenges pre­sent­ed by the COVID-19 pan­dem­ic. She ac­knowl­edged that the agency has al­ready been adapt­ing and rein­vent­ing its lead-gen­er­a­tion and mar­ket­ing ac­tiv­i­ties de­spite these chal­lenges,” a re­lease from the Trade and In­dus­try min­istry stat­ed.

Re­mark­ing that for­eign in­vest­ment is para­mount to stim­u­late eco­nom­ic ac­tiv­i­ty Min­is­ter Gopee-Scoon said:

“Hid­den with­in this cur­rent glob­al pan­dem­ic is an op­por­tu­ni­ty to in­vig­o­rate the econ­o­my. In­vesTT has shown agili­ty in its re­sponse to sup­port­ing in­vestors’ evolv­ing needs dur­ing this time, and has tak­en a proac­tive ap­proach to re­new­ing its role as an in­vest­ment pro­mo­tion agency.”

The Trade and In­dus­try min­istry said that Costel­loe, brings to the Board a wealth of knowl­edge and ex­pe­ri­ence from her stew­ard­ship in the pri­vate sec­tor, par­tic­u­lar­ly in the fields of man­u­fac­tur­ing, in­vest­ment and fi­nance, strate­gic plan­ning and ex­e­cut­ing and cor­po­rate gov­er­nance.

Costel­loe is cur­rent­ly the di­rec­tor of Life­time Roof­ing Lim­it­ed and is the im­me­di­ate past Pres­i­dent of the Trinidad and To­ba­go Man­u­fac­tur­ers’ As­so­ci­a­tion.

Ms Fran­ka Costel­loe —chair­per­son

Mr Christophe Brath­waite

Cap­tain Ali­cia Hack­shaw

Mr Ger­ard Noel

Mr Be­van Nar­i­nesingh

Ms No­la Dray­ton-Smith

Ms Tri­cia Beck­les