Minister Inniss tells private sector time to step up
Minister of Industry and Commerce, Donville Inniss, is telling the private sector to pull its own weight and stop depending on government to drive economic development.
Inniss said he’s concerned that the state is still being called upon to be more involved in most economic and social activities.
He was delivering the feature address last night at a gala and awards ceremony hosted by Roberts Manufacturing Company Limited held at the Hilton
“I certainly believe that we have, collectively as a nation, to be more bold and to be more imaginative, both in government and private sector. I firmly believe that we must, really and truly, be far more creative as a society,” Inniss said.
The minister outlined measures being introduced by Government to ease the way forward for the productive sectors.
“The Government is also very much committed to better business facilitation and whilst that is sometimes a very large generic statement, there are some practical realities as to how we are doing that,” he said.
“I made a commitment to the rum manufacturers when we met last week that I will work to eliminate that Spirit Act, which will reduce the cost of production of rum in Barbados. But let it be reflected in the rum shops that we all frequent around the island.
“We’ve also as a Government provided incentives for modernisation of plant and equipment. That is something that we will continue because we firmly believe that if your businesses are to reduce the unit cost of production, it means that as a state we have to certainly provide you with the kind of incentives to allow you to modernise your plant, embrace the latest in technology as well.”
The minister stressed that Government was committed to addressing the high cost of electricity.
“We are very mindful that it is a major component of the manufacturing sector…I’ve already spoken to the minister of finance, and we are committed to making the adjustments therein,” he said, as he called on the private sector to lead the fight
“Let me urge you as well as manufacturers to get fully involved in renewable energy, and alternative energy as a way of driving down the cost of fuel in this country, certainly the input cost to you.
“Barbados cannot maintain an environment where it is so dependent on fossil fuel. We certainly have to march more towards renewable energy,” Inniss said further.