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Trinidad & Tobago woos Indian investors to boost growth

Source : BUSINESS_STANDARD
Last Updated: Tue, Jan 10, 2012 19:22 hrs

The Caribbean nation Trinidad & Tobago is betting big on Indian investors to boost its growth.

The island nation is in talks with the Indian government for co-operation in areas like people-centric projects, agriculture, research and development, renewable energy, health, entertainment, information, communication and technology.

Speaking at an interactive session with the FICCI Ladies Organisation (FLO), T&T’s Prime Minister Kamla Persad-Bissessar said that there were a lot of investment opportunities for India. Though the country has a population of 1.3 million, it offers opportunity as a gateway to access a market of over 200 million, she added.

Supporting the Women Reservation Bill in India, she said, “I support one-third reservation for womenin legislation. A study shows in legislations wherever there is more women, corruption is less. Countries failing to empower women cannot identify the potential of development.”

Bissessar is on a 13-day visit to India, from January 2-14, with a 60-member delegation. She already had bilateral discussions with India on issues of trade and business, economic growth, tertiary education, job creation, competitiveness and innovation, greater productivity and increased global trade.

Both the countries have a cultural link starting from 1845, when the first indentured labourers from India reached the island nation. According to Shyamal Chandradathsingh. Manager, Investor Sourcing for InvesTT, the nation’s investment promotion agency, talks are on in the entertainment sector also with major Indian firms to promote cultural interaction.



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