The Jamaica Promotions Corporation (JAMPRO) says that the revitalisation of the mining sector through investment is a major part of the agency’s economic development strategy for Jamaica. The agency made the announcement last Tuesday at the National Minerals Week Investment Forum, an event hosted in collaboration with the Ministry of Transport and Mining.
JAMPRO said that as the sector has potential to increase its contribution to Jamaica’s economy, the agency has outlined a marketing and sector development strategy for the industry. In addition to the usual promotional tools used by JAMPRO to promote sectors for investment and export, JAMPRO will identify an international partner to focus on promoting Jamaica’s mining and manufacturing sector in the international market for business opportunities.
Similar to its work in the castor oil industry, JAMPRO will also conduct a value-chain study in 2018 to identify value-added products and other possibilities that can be facilitated by the Jamaican market. The study will guide JAMPRO’s sector-development strategies in the 2018-2019 financial year.
Claude Duncan, vice-president of sales and promotions at JAMPRO, explained that JAMPRO believed that there were more opportunities available in the industry than were currently being explored. He said, “Recognising the many benefits of this sector as a key driver of the Jamaican economy, JAMPRO is taking the necessary steps to develop the minerals industry.”
Published in the Jamaica Gleaner
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