Private sectors in the region are being urged to seize opportunities available to them, especially in the area of energy.
The call came from Minister of Planning and Sustainable Development in Trinidad and Tobago, Dr. Bhoendradatt Tewarie, who was the Featured Speaker at the Annual General Meeting of the Dominica Association of Industry and Commerce (DAIC).
“Seize these opportunities that are available to the private sector in energy transformation, of the metrics of energy in the Caribbean but also seize the opportunities that are available in the world quota in the throes of financial change, economic change, energy change, geopolitical change and climate change,” he said at the AGM held at the Fort Young Hotel on Wednesday evening.
He stated now is the time for the private sector to grab opportunities because of “the difficulties in which governments of the region have gotten themselves and the opportunities are coming first of all in energy because energy is the basic requirement of competitiveness.”
To drive his point home he noted that the cost of energy is what determines whether you are going to be competitive or not.
The minister is also urging governments and private sectors to work hand in hand.
“There is a promising opportunity for public/private sector partnership and it is now,” he said. “This partnership has to be made real.”
He argued that both the government and the private sector cannot be “suspicious” of each other.
“Government and private sector have to work together for the development of the country. Development happens because people make things, they do things or they make things happen, that is the requirement now for all of our countries whether they are large but especially if they are small,” he said.