|
A new St Vincent and the Grenadines investment promotion agency,
the National Investment Promotions Inc. (NIPI), commenced operations
in August, 2004, taking over from the Development Corporation
(DEVCO), which initially managed the investment promotion functions
of St Vincent and the Grenadines. In an effort to bolster NIPI's
image locally and internationally, it was rebranded as Invest
SVG and launched in August, 2009. The agency reports to the Office
of the Prime Minister, Dr Ralph Gonsalves.
Since securing its removal from the Financial Action Task Force
(FATF) blacklist of Non-Cooperative Countries and Territories,
the Caribbean jurisdiction of St Vincent and the Grenadines has
reported strong growth in the registration of international business
companies.
In April 2008, the Government of St Vincent and the Grenadines
announced that it was working along with the European Union to
significantly develop the e-Business Sector within the country.
This came as the Ministry of Telecommunications prepared to launch
the Business Skills Development and e-Business Incubators funded
by the European Union.
Speaking to NBC News, Team Leader and Incubator Manager of the
EU Team, Irina Nunberger reportedly explained that the aim of
the project is to develop the nation’s entire business sector,
while offering services to develop ICT driven businesses.
Miss Nunberger stated that her team will provide training and
advice for businesses wanting to launch an e-commerce venture,
while also working along with the Government to develop the e-Government
Sector.
She revealed that they will also be developing the business networking
sector through the establishment of the Local Business Incubator,
and that the team will foster networking locally, regionally and
internationally.
Business Development Officer from the EU team, Colin Maclean
added, according to the Government, that one of the main objectives
of the project is to develop the rural business fraternity.
Mr Maclean revealed that the team is working alongside organizations
such as the Center for Enterprise Development, the National Development
Foundation and the Chamber of Industry and Commerce to develop
these rural businesses, which are often overlooked.
Visit the
Full St Vincent Grenadines Fact-File
|
Wilfred
Services Ltd