A delegation from the Indian Economic Trade Organization (IETO), led by the organization president Dr. Asif Iqbal, visited Jamaica two weeks ago to explore trade and investment opportunities in the island nation. The IETO is a non-governmental organization comprised of Indian companies, and one of its main goals is business facilitation both locally and internationally.
Photo: The Indian Economic Trade Organization (IETO) visiting Jamaica to explore opportunities. (Credit: Jampro)
The delegation was comprised of various companies whose interests include agribusiness, health, tourism, and film. A major area of interest is also digital services and value-added business process outsourcing (BPO) services, given Jamaica’s nearshore location, native English capability and — most importantly — the presence of over 60 multinationals already operating in the space in Jamaica, including Indian BPO giants such as Sutherland Global and Hinduja (whose medical billing and support division is now called Sagility).
It was my pleasure to speak with the delegation and answer questions about Jamaica’s investment sectors, incentives and government support.
This meeting was a follow-up trip after a delegation from IETO visited Jamaica in March to attend JMEA/Jampro Expo Jamaica 2023, and the interest generated from the that visit has created substantial interest from more Indian companies.
Why Jamaica? Underpinning Jamaica’s investment opportunities are a legal system based on English common law, which provides a transparent and reliable framework for property ownership and investment.
Furthermore, the nation has regulatory and accounting systems that are transparent and provide clear rules and a level playing field for foreigners. Add to that competitive incentives, geographic location, and capable and cost-effective human talent, and you can see why more Asian investors are exploring opportunities in Jamaica.