InvesTT Champions Local Innovation

InvesTT Champions Local Innovation

After 26 years of operations within the import/distribution arena, the HADCO Group continues to innovate.  In May 2018, the company invested US$4M to introduce its own locally manufactured brand of premium ice cream – Creamery Novelties - and had high praises for the assistance provided by InvesTT.

During a site visit attended by Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry, John Hadad, Group Co-CEO, commended InvesTT for excellent customer service and diligent participation in establishing the new ice-cream operation- “InvesTT has been tremendous in their work - there has always been a sense of seriousness, urgency and a high level of communication between us. We have already been recommending them to other companies.”

InvesTT provided assistance with business registration, work permits for equipment trainers and engineers and access to applicable tax incentives for the importation of equipment. Approximately 70-80 persons were employed during the construction stages. The factory operation comprises state-of-the-art manufacturing equipment and has already created 31 new jobs on the local market. Apart from Trinidad and Tobago, the ice cream products will be distributed throughout CARICOM and Latin America.


 

“This is a significant investment into the domestic market as there will be considerable benefits for the country via the introduction of new technologies, skills and industrial competitiveness. We look forward to a continued relationship with HADCO and seek to provide them with further guidance on future investment opportunities”
Stacy Adams, Vice-President Investor Services at InvesTT

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.