Business View Caribbean - June 2024

ENHANCING LOGISTICS AND INFRASTRUCTURE Grenada’s focus on improving logistics and infrastructure is integral to these economic developments. “Logistics is a critical sector for us,” Theodore states. Our airport is expanding, and a feasibility study is underway for the port. These are opportunities for potential investors.” Theodore stresses the importance of collaboration across various sectors and agencies. “Investment generation is not a one-person scenario. It involves the Inland Revenue, customs, and other players, and represents a forward-looking investment opportunity for Grenada. The health and wellness sector is another priority. “There’s a new hospital being designed, and we’re looking for investors to develop this project,”Theodore reveals. Agribusiness continues to be a cornerstone for SME development, attracting numerous cottage industries and agro-processing ventures. Similarly, the BPO (Business Process Outsourcing) sector is also expanding, with a recent example being a US- based company increasing its presence on the island. 49 BUSINESS VIEW CARIBBEAN VOLUME 11, ISSUE 06 GRENADA INVESTMENT DEVELOPMENT CORPORAT ION (GIDC)