Former TT Manufacturers’ Association President, Franka Costelloe appointed the chairman

A new board has been announced for InvesTT Limited, which is the national promotion agency for Trinidad and Tobago.

The new board will be chaired by former Trinidad and Tobago Manufacturers’ Association president, Franka Costelloe. The other board members are Christophe Brathwaite, Captain Alicia Hackshaw, Gerard Noel, Bevan Narinesingh, Nola Drayton-Smith and Tricia Beckles.

Trade and Industry Minister Paula Gopee-Scoon, who made the announcement, expressed confidence in the combined experience, knowledge and skillsets which each member brings to the new InvesTT board.

INVESTMENT PROMOTION STRATEGIES

The minister also expressed her appreciation for their willingness to serve and effect the right policies and investment promotion strategies on behalf of the Government.

The fundamental role of InvesTT is to attract foreign direct investments into the country’s prioritised non-energy sectors to drive the economy’s diversification thrust.

Of particular importance, Gopee-Scoon highlighted InvesTT’s commitment to marketing and tenanting the industrial parks, namely, Tamana InTech Park, Moruga Agro-Processing and Light Industrial Park and the Phoenix Park Industrial Estate.

A news release from the trade and industry ministry stated that “the honourable minister recognised the need to revitalise the non-energy sector and build resilience in the face of the global challenges presented by the COVID-19 pandemic. She acknowledged that the agency has already been adapting and reinventing its lead-generation and marketing activities despite these challenges”.

Remarking that foreign investment is paramount to stimulate economic activity Gopee-Scoon emphasised that, “hidden within this current global pandemic is an opportunity to invigorate the economy. InvesTT has shown agility in its response to supporting investors’ evolving needs during this time, and has taken a proactive approach to renewing its role as an investment promotion agency”.

Referring to Costelloe, the trade and industry ministry said she brings to the InvesTT Board a wealth of knowledge and experience from her stewardship in the private sector, particularly in the fields of manufacturing, investment and finance, strategic planning and executing and corporate governance.

Costelloe is currently the director of Lifetime Roofing Limited.