HomeGeneral NewsGovernment Intends to Rejuvenate the Manufacturing Sector

Government Intends to Rejuvenate the Manufacturing Sector

Published on

spot_img

Plans are being made to address the decline in activity within the manufacturing sector across St. Kitts and Nevis.
 
The Governor General’s Deputy, Her Excellency Marcella Liburd JP, while delivering the Throne Speech at the Opening of the new Session of Parliament today (October 25), stated that the Government, through the St. Kitts Investment Promotion Agency, will be aggressively pursuing opportunities to attract investments in modern technologies such as renewable energy.
 
“We will seek to establish at least one factory in the Federation to build solar panels and related accessories that will provide low-cost energy-saving options for homeowners and businesses,” Her Excellency Marcella Liburd said.
 
The Government anticipates that the establishment of a factory here that builds solar panels will help preserve the manufacturing sector’s ability to earn foreign exchange which is necessary for maintaining monetary stability within our Eastern Caribbean Currency Union.
 
It was noted that St. Kitts and Nevis has seen a decline in activity within the manufacturing sector and a significant reduction in the number of persons employed by manufacturing enterprises over the last few years.
 
The Throne Speech read, “Since March 2019, we have witnessed the closure of three factories with a fourth to close this coming November. At least four hundred persons, mainly women, would have lost their jobs in the process. The Sector is therefore in desperate need of an updated strategy to chart the way forward for attracting new investments.”

Latest articles

NEMA Utilises Drones in Caribe Wave Exercise for the First Time

For the first time ever, the National Emergency Management Agency (NEMA) utilised unmanned aerial vehicles (UAV), also known as drones, to monitor and assess this year’s CARIBE WAVE Exercise.

Single Use Plastic Ban – The Federation of St. Kitts and Nevis Takes a Monumental Step towards a Plastic-Free Environment and Future

The Government of St Kitts and Nevis made a historic announcement to ban single-use plastics. The announcement was made during the sitting of National Assembly on Tuesday 26 March 2024 by the Minister of Environment, Climate Action and Constituency Empowerment, Hon Dr Joyelle Clarke.

National Productivity Council Bill 2024, Successfully Passes Through Federal Parliament

The National Productivity Council Bill, 2024,  secured safe passage through the Federal Parliament on Tuesday, March 26, marking a pivotal moment in the establishment of the National Productivity Council and its related functions in St. Kitts and Nevis. 

Successfully Passed Medical Laboratories Bill, 2024, to Set New Standards in Health and Industry in St. Kitts and Nevis

Senior Minister and Minister of International Trade and Consumer Affairs, the Right Honourable Dr. Denzil Douglas, expressed strong support for the newly passed Medical Laboratories Bill, 2024, during the sitting of Parliament, on March 26. This pivotal legislation aims to establish the Medical Laboratories Council and provide for the licensing, monitoring, and inspection of medical laboratory operations, amongst other related matters.

More like this

NEMA Utilises Drones in Caribe Wave Exercise for the First Time

For the first time ever, the National Emergency Management Agency (NEMA) utilised unmanned aerial vehicles (UAV), also known as drones, to monitor and assess this year’s CARIBE WAVE Exercise.

Single Use Plastic Ban – The Federation of St. Kitts and Nevis Takes a Monumental Step towards a Plastic-Free Environment and Future

The Government of St Kitts and Nevis made a historic announcement to ban single-use plastics. The announcement was made during the sitting of National Assembly on Tuesday 26 March 2024 by the Minister of Environment, Climate Action and Constituency Empowerment, Hon Dr Joyelle Clarke.

National Productivity Council Bill 2024, Successfully Passes Through Federal Parliament

The National Productivity Council Bill, 2024,  secured safe passage through the Federal Parliament on Tuesday, March 26, marking a pivotal moment in the establishment of the National Productivity Council and its related functions in St. Kitts and Nevis.