Prime Minister congratulates Grenada Industrial Development Corporation

Employees of the Grenada Industrial Development Corporation (GIDC) came in for high praises from Prime Minister Dr. Keith Mitchell, when he paid a recent visit to their offices.

GIDCIn a tour that included six (6) businesses in the Frequente Industrial Park, the PM shared candid thoughts with an intimate gathering of employees.

The Prime Minister’s visit coincided with GIDC’s celebration of 30 years of achievement since it was first established on March 1, 1985.

In welcoming the Prime Minister, Chairman Leslie-Ann Seon noted that the visit gave merit and weight to the work of the Statutory Body and GIDC employees.

After the viewing of an “Invest Grenada” video produced in-house, newly appointed CEO Che’ Keens-Douglas echoed the appreciation for the Prime Minister taking time out of his very packed schedule to visit the offices noting that the GIDC was the “engine” to the national strategic direction of the Prime Minister.

Dr Mitchell told the group of Directors and employees that the GIDC is a critical institution.

He likened the recent restructuring that the Government has had to undergo as part of the Structural Adjustment Programme, to the similar exercise currently being undertaken at GIDC.

“We have to optimise our resources as best as possible. Every area of Government has been asked to manage itself better. We need to change our ways,” the PM underscored.

He then congratulated the leadership and entire employee body for “doing more with little.”

Alluding to Grenada’s position on the World Bank’s Doing Business ranking, he confirmed that the Government is taking initiatives to remedy the deficiencies.

“We are aware that one of the keys to a country’s development is the Private Sector, therefore we cannot have a low Doing Business ranking,” he added.

In the latest index for 2016, Grenada fell five (5) places to 135 out of 189 economies.

The Prime Minister advanced that legal reform was what was mostly required to improve Grenada’s ranking.

Dr. Mitchell highlighted the improvement in the economy, noting that with 5.1% growth recorded in 2015, Grenada is enjoying the best growth rate in the region.

He added that “with new initiatives coming on stream (in 2016), we can expect an even higher rate …” and that this would bring new job opportunities.

The Prime Minister also recognised that without the Unions doing their share regarding holding salaries and emoluments steady, this growth would not be possible.

“We should congratulate ourselves,” he said.

In closing, Prime Minister Mitchell thanked the Board and GIDC team for their support of initiatives to bring services and businesses into Grenada.

He also noted GIDC’s attempts to be more aggressive in attracting investments.

“The work is paying off. The budget is an indication,” he said.

Before proceeding to tour GIDC’s Computer Centre slotted to be brought on stream in 2016, the Prime Minister was presented with a gift by Jacintha Livingstone, who has been employed with the GIDC since its inception. GIDC’s 30th anniversary milestone is being celebrated from March 2015 to March 2016 under the theme “Enhancing the investment climate with renewed focus on economic growth through strategic planning g and partnerships, entrepreneurial development, and effective execution of investment policies.”

Activities so far have included an Investment Forum in April, a Deals Day at the Frequente Industrial Park in May and an outreach programme to all secondary schools in mainland Grenada and Carriacou.

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