INDUSTRIAL DEVT & EX

closed

The project's objectives are to generate foreign exchange and to increase employment by expanding industrial output and exports and would consist of: (a) an investment promotion program and the construction of industrial estates through the BIDC; (b) industrial lending for fixed assets and permanent working capital through the BDB; (c) promotion of manufactured exports, training and marketing assistance to domestic exporters through the EPC; (d) management and vocational training for industry through BIMAP and the NTB. The project will not be subject to any extraordinary risk. BIDC's proposed policy for increased rental rates of factory space, to enable it to generate a positive rate of return, may reduce the demand for space in Barbados. This reduction, however, is not expected to be large as the rentals will still be in line with those charged by BIDC's competitors in the Caribbean.