A Time and Place When Opportunities Abound for Entrepreneurs

Notice of plans for the holding of the Caribbean Investment Forum from November 8 to 11 at the Hyatt Regency, Port of Spain, is just one of the numerous training projects aimed at providing training for our region’s entrepreneurs in the bid to stay in this fast changing game of business and industry.

A number of international experts on various topics related to business and industry will flock to Port of Spain to share their latest knowledge on how players can cope in this very competitive world which takes no prisoners at any time.

The Theme : Building a Smarter, Greener Caribbean is a key indicator of the extent to which world movers and shakers are linking the situation of the environment with this region’s  state of business and industry

Meanwhile, a Grant Facility established  by CARIRI – The Caribbean Industrial Research Institute  last January was seen as an easily falling place in terms of boosting the capacity of our entrepreneurs at a time of greatest need.

“(The) Shaping the Future of Innovation project is a partnership between the Government of Trinidad and Tobago and the European Union and IDB Lab in collaboration with The Caribbean Industrial Research Institute (CARIRI) as the project implementing partner”, CARIRI stated

It’s no wonder therefore that even before the scheduled  six week deadline for submission of applications, one applicant named  Sita Persad was being advised by CARIRI:

“Please be advised that due to the overwhelming response to the Innovation Challenge Facility First Call For Proposal, the Evaluation Process has been extended to facilitate processing.

Applicants will be contacted on their submission status by the end of February 2022.”In keeping with the trend to keep instep with the rapid changes taking place on the world of business and industry, Trinidad and Tobago’s  Digitization Minister Hassel Bacchus, speaking on TTT’s morning show , said he believes that “this country will soon be a leader in the digital world:”

“We are going to become a digital society, we’re going to have resilient infrastructure in the government cloud and services are going to be available throughout” he said last July.

According to Bacchus his Ministry is “creating a new way for the end to end delivery and consumption of goods to customers using digital technology as well”. 

He said the ongoing collaborative works along with the private sector too have been fruitful. “So far”, the Minister added,” The move has been received with enthusiasm and willingness from (our) partners”

Even so, evidence of the constant drive for collaboration between the public and the private sectors can be seen in the photo below.

NEW LAUNCH: Darryl Duke, general manager of enterprise services and Jeunesse Walters-Wilson, manager of government sales at TSTT stand next to the Huawei IdeaHub at the launch of the service.

And, ever aware of the need for the environmentalists to be in constant contact with the entrepreneurship thrust, Clean Air Task Force experts from around the world travelled to Pittsburgh, Pennsylvania for the Global Clean Energy Action Forum (GCEAF) –“ a convening of more than 5,000 government ministers, clean energy advocates, and industry professionals focused on climate and energy”

CATF was a key player at the GCEAF, holding high-level bilateral meetings with global stakeholders and hosting a diversity of panel discussions and roundtables with leaders from around the world. CATF and world leaders were aligned on a clear message: We need more solutions to address climate change, and we need them now.

According to Sarah Smith, Chief of Programs, CATF: “CATF facilitated cross-sector discussions that helped highlight ways to accelerate deployment of critical climate technologies laying the groundwork for climate action in the lead-up to the 27th session of the Conference of the Parties (COP27) in Sharm El-Sheikh, Egypt”

Several interested individuals and bodies from the region are expected to attend the November event in Egypt.

The Trinidad and Tobago has also been very busy on its own, staging a number of initiatives to bolster the local business fraternity in its efforts to stay in the game.

For this year alone, the following projects have already been achieved:

  • The MTI Trade and Industry Convention held from August 25-27 at the Centre of Excellence, Macoya, east Trinidad, under the leadership of Trade and Industry Minister Senator Paula Gopie Scoon.

Thousands of  persons – including 3,000 specially-invited Buyers flocked at  the Centre of Excellence, Macoya. The project was executed in collaboration with the Trinidad and Tobago Manufacturer Association (TTMS) and other agencies.

  • The Virtual Fashion Tradeshow and Exhibition undertaken by the Trinidad and Tobago Fashion Company Limited (FashionTT) in partnership with exporTT on March 25, 2022;

During the fiscal period 2016 to 2020, the Garment Industry of Trinidad and Tobago generated exports of over $97 million (US$14 million. 

This achievement was placed in the context of  an article by McKinsey and Company titled “The State of Fashion 2022”, stating how “the global fashion industry has faced exceptionally challenging conditions”

“After nearly two years of disruption, the industry is beginning to settle and grow. This growth is likely to be driven by the United States where the release of pent-up demand has created spikes of so-called “revenge buying,” leading to a growth spurt”, the article stated..

In this connection, Trade and industry Minister Senator Paula Gopie-Scoon felt “This Virtual Fashion Trade Show is therefore timely as it presents a platform for our local fashion designers to take advantage of this spike in demand”. 

  • Stepping up this country’s  export thrust in the creative sector through solid support for  state agencies  such as:
  • Trinidad and Tobago Creative Industries Company Limited (CreativeTT) and its three subsidiaries, namely:
  •  The Trinidad and Tobago Film Company Limited
  • The Trinidad and Tobago Music Company Limited (MusicTT); and 
  • The Trinidad and Tobago Fashion Company Limited (FashionTT).
  • The mandate of these agencies are to stimulate and facilitate the business development and export activities of the Creative Industries in Trinidad and Tobago. Among these,
  • The Steelpan Manufacturing Grant Fund Facility has responsibility for administering the Steelpan manufacturing Grant Fund Facility.
  • The Commercial /Leisure Maritime and  Leisure Marine (yachting) facility’s
    The Official Government  Policy Framework highlights maritime services as a sector that has the potential to contribute to the sustainable growth and diversification of the economy through revenue, employment and foreign exchange generation.

Sectors identified for further development here  include 

Ship Repair and Dry Docking,


Cold Stacking, 

Port Operations and 

Leisure marine or yachting.

  • The Trinidad and Tobago Energy Conference and Trade Show held from  February 04th – 06th at Hyatt Regency, Port of Spain, Trinidad.

Billed as “The premier energy sector event in the Caribbean”, this meeting of Energy sector leaders from all the major multi-nationals as well as key players in the midstream, downstream and service sectors locally and regionally, is reputed to be “ unrivalled as an opportunity for networking, business deals 

  • Support for the Agriculture and Food Expo by SOUTHEX Trade Shows and Promotions from August 3-7 at the Brian Lara Cricket Academy, Tarouba, San Fernando.

The expo’s theme is “Our Life, Our Business”. In this regard, CEO of SOUTHEX George Singh has partnered with the Trinidad and Tobago and Georgetown Chambers of Industry and Commerce, as well as the Supermarket Association of TT (SATT) to make the expo a reality.

At the Expo’s media launch at the TT Chamber of Industry and Commerce, West Moorings, Singh said the idea was 

” to expand business in the agricultural sector and reduce the cost of imports”.

As the Ministry of Trade and Industry proceeds apace with its various programmes to promote Trinidad and Tobago  as a key player non-Oil and energy exports therefore, we feel confident that all citizens will be soon very proud of the great outcomes expected out of the hard and effective work being carried out by the Ministry of Trade and Industry..

These game changing projects can serve as a platform upon which the new undertakings in training will be based as Trinidad and Tobago fights long and hard to make a name as a front runner in the world of business and industry under the leadership of Prime Minister Dr Keith Rowley.

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