By Andre Huie
BASSETERRE, St Kitts (WINN) -- Manufacturing companies in Taiwan have been urged to emulate SpeedTech Energy and invest in the federation. The appeal from Basseterre’s ambassador to Taipei, Jasmine Huggins, was made as the Kittitian diplomat facilitated the celebration of the federation’s 30th anniversary of independence in Taipei on Friday, following the official observance in Basseterre on September 19.
A government release said Huggins made special mention of SpeedTech at the function, the first Taiwanese company to establish a business in St Kitts and Nevis. According to Huggins, this signals the efforts of the government of St Kitts and Nevis to move into green energy in a continuing bid to reduce the country’s dependence on fossil fuels. Taiwan’s vice president, Wu Den-yi, is quoted in the government release as saying that he was convinced that many more Taiwanese businesses would be following the lead of SpeedTech Energy.
The solar manufacturing and assembly plant was officially opened at in June. Minister for International Trade Ricky Skerritt said the government is in the process of developing a manufacturing investment plan.
“What we do not have at the moment is a specific plan for targeting manufacturing type investment; we are in the process of putting that together,” he told WINN FM. The minister said what types of businesses being targeted and from where will be a key pillar of the proposed plan, expected to be completed within the next two months.
Skerritt said St Kitts and Nevis is open for business, although there are many factors to be considered.
“At the moment we welcome investment from practically anywhere as long as it’s relevant to our development needs, and as long as the source of funds are credible and as long as the particular business has a reputable record,” Skerritt explained.
Republished with permission of West Indies News Network