'Trinidadians should invest in India'

Monday, 24 December 2007, 04:38 Hrs
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Port-of-Spain: India is one of the most investor friendly destinations and Trinidadian businesses should invest more in India, the Indian High Commissioner said.

At an interactive business luncheon Wednesday, Jagit Singh Sapra said that India remains an investor friendly destination.

"India was an investor friendly destination for investments and sure way to watch your money grow," he told a large gathering of Trinidad and Tobago investors.

The high commissioner also said that India would like to be a partner in the development of Trinidad and Tobago, be it in the field of investment, trade, art or culture.

Sapra identified many areas for investment including auto industry, biotechnology, infrastructure projects, information technology and pharmaceuticals.

"We are happy to see Trinidad and Tobago's emergence as the most industrialised country in the Caribbean region. With an impressive growth rate, the country has continuously strived to improve the investment climate and at the same time, diversified the business and economy in the context of globalisation," Sapra added.

He pointed out that the presence of Indian companies in the country like Mittal Steel, the Essar Group, New India Assurance and the Bank of Baroda was an example of the good relations between the two countries.

Trinidad and Tobago has a large Indian community, mainly descendants of indentured Indian labourers who came to work in the sugar plantations over a hundred years ago. There are around 520,000 Indo-Trinidadians in a population of a million.
Source: IANS
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