InvesTT’s capacity to provide reliable facilitation services to local investors was recently demonstrated in a multi-million dollar reinvestment by Holiday Snacks Ltd. (HSL), one of the six company brands of manufacturing guru, Bermudez Group Limited.
InvesTT’s relationship with HSL began as far back as 2015 during a strategic outreach to local conglomerates. When the opportunity arose, the investment promotion agency quickly sprang into action to assist the company to achieve its reinvestment goals.
Having outgrown its manufacturing facility in El Socorro, HSL required additional space to augment the growth of its export markets and sought to relocate next to its distribution facility in Charlieville on a 9-acre plot. Critical success factors for the move included obtaining timely approvals from regulatory agencies and a smooth engagement process with nearby private entities. InvesTT played a key role in facilitating stakeholder meetings with agencies such as Town and Country Planning and the Environmental Management Authority. The agency also assisted with securing approval from the National Gas Company for HSL to construct close to the natural gas pipeline.
The socio-economic benefits of this re-investment include the potential to create more jobs and to enhance the competitiveness of the local manufacturing sector with the introduction of new technologies.
Since its inception in 2012, InvesTT has assisted local and international investors from various industries to expand their business in Trinidad and Tobago. One such recent expansion was achieved by the Unicomer Group in November 2017 which established its Caribbean headquarters in Freeport, Trinidad with the help of InvesTT. The state agency was commended in 2017 for its expansion and reinvestment strategies by FDI Intelligence, a leading publication on global FDI and a service of the Financial Times. It has also been rated a Top Investment Promotion Agency in Latin
America and the Caribbean by the Site Selection Magazine.
InvesTT’s responsibility to attract investment into the country includes the facilitation of local as well as foreign
investors seeking to expand or re-invest. Investors can benefit from our liaison services for easier navigation of the regulatory environment. To find out more about InvesTT and doing business in Trinidad and Tobago, please set up an
appointment with a member of our team at +1 (868) 225-4688 or email us at info@investt.co.tt.