InvesTT at TIC 2022

InvesTT at TIC 2022

InvesTT, the national investment promotion agency of Trinidad and Tobago, participated as a sponsor at TTMA’s Trade and Investment Convention (TIC) 2022 which took place over 3 days from 25th to 27th August. 

Sekou Alleyne, President InvesTT (far right), welcomed Senator the Hon. Paula Gopee-Scoon, Minister of Trade & Industry (2nd from right), who visited InvesTT's booth along with InvesTT's Board Director, Tricia Beckles (far left) and Tricia Coosal, TTMA's President.

Over TT$450M in local and foreign investments facilitated by InvesTT

At the opening ceremony of TIC 2022 on 24th August, the agency’s Chairman, Franka Costelloe, announced that for this fiscal year to date InvesTT has facilitated over TT$450M in investments (total local and foreign) with another TT$100M to be closed by end of September, 2022. Of this total figure, she stated “Our local business climate doubled down and invested TT$320.5 million, which represents an increase of 319.5% over the previous year. These projects will create 557 new jobs in Trinidad and Tobago and include businesses in Agro-Processing, Shared Services, Maritime and Logistics distribution, Food Processing, Manufacturing for construction and Hotel Development.”  

Marc Sandy (right), InvesTT's Business Facilitation Officer, shares some insight into InvesTT's services with visitors to the booth.

Industrial Estate Oppportunities

At InvesTT’s TIC 2022 exhibition booth, the team educated the public on its mandate to attract local and foreign investment and showcased the benefits of tenanting the 3 parks managed by e TecK. In total, 7 companies (inclusive of 2 Chinese companies) have signed their letters of offer to tenant e TecK’s Phoenix Park Industrial Estate, 4 local agro-processors have been allotted spots at e TecK’s Moruga Agro-Processing and Light Industrial Park and 2 tenants are set up at Tamana InTech Park in Wallerfield. 

A visitor at InvesTT's booth checks out one of the tasty dips made by Hesma Tyson, owner of Caribbean Specialty Foods.

A Taste of Moruga!

Caribbean Specialty Foods, one of the first tenants to occupy the agro-processing park in Moruga, shared space at InvesTT’s TIC booth on Saturday to showcase and sell agro-products, such as Rum-flavoured pepper sauce, Tamarind & Mango dips, Tomato & Cilantro dips. These are some of the products which will be processed in Moruga. Currently, there are 4 land lots and 2 factory shells left that are available for lease at the Park while the others are allotted to secured tenants at various stages of preparation to occupy their spaces.  

InvesTT's Marketing team, from left - Shurla Gibson-Manager, Varlene Guischard - Senior Marketing Officer; Sherron Joachim - Marketing Officer and Marva Mitchell - Marketing & Communications Officer, with Melissa Arnaud (2nd from right) Senior Aftercare Officer and Craig Watkins (right)- Senior Investment Officer.

Contributing to company growth and development

According to InvesTT’s president, Sekou Alleyne – “We are indeed pleased to contribute to the growth and development of companies through the provision of our investor services such as value chain advisory, assistance with regulatory and registry issues, industrial real estate options and the creation of business linkages that ultimately enhance the company’s performance and overall competitiveness. We eagerly await the full operationalization of the Special Economic Zones Authority whose incentives will significantly boost our value proposition and our ability to attract new investors.”