Monday, April 22, 2024

Bid to boost competitiveness

Date:

Share post:

In a bid to improve the competitiveness of local producers, the Government of Barbados will soon embark on a multimillion-dollar project, Minister of Commerce and Trade Senator Haynesley Benn disclosed today.
He was delivering the feature address to mark the opening of a two-day small and medium-sized enterprise (SME) business support organization training workshop at the Savannah Hotel.
Benn said the project would consist of three major components: to strengthen the Barbados National Standard System by implementing a new National Infrastructure model, to modernize the BNSI administrative areas through the improvement of administrative processes and implementation of mechanisms for the integration and strengthening of the support systems and to modernize the physical and technological infrastructure.
With an estimated cost of $14.58 million – a $10 million loan from the Inter-American Development Bank and the remainder from Government – Benn said the project would include the building of a facility, the land for which has not yet been identified. (MM)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Sunil Narine rules out West Indies comeback for T20 World Cup

Sunil Narine has ruled himself out of a recall to West Indies' squad for the forthcoming T20 World Cup...

Taiwan rattled by 6.1 magnitude earthquake amid numerous tremors

Taiwan was hit with a magnitude 6.1 earthquake in the early hours of Tuesday local time (2:32 p.m....

Trump hush money trial was ‘election fraud pure and simple’, prosecutors say

Donald Trump “orchestrated a criminal scheme to corrupt the 2016 presidential election” by covering up an alleged affair...

Nicki Minaj throws item back into crowd after nearly getting hit by object onstage

Nicki Minaj was left unimpressed after a fan threw an object at her onstage. In a video shared by Pop Crave on...