ST. GEORGE, GRENADA, 14th May, 2012: Grenada’s Opposition Leader and former Prime Minister, Dr. Keith Mitchell, has given the assurance that a new Government led by him will give full support to the local and regional business community, in recognition of the role that the private sector will have to play in helping our country to recover from the economic slowdown that it is now experiencing.
In a recent luncheon meeting with members of the Grenada Chamber of Industry and Commerce, the Opposition Leader indicated that a government led by him will promote and facilitate investment in Grenada by Caribbean business people by taking relevant measures including the amending of the Alien Land Holding requirement for Caribbean nationals and businesses only, subject to verification that the land will be used for bona fide businesses.
The Opposition Leader said that his party intends to repeal and emend the existing provisions within one hundred days after its return to office and that safeguards will be put in place to ensure that that there are no loopholes to be exploited. The new provisions will reduce the time from application to approval from three months as is the case at present to thirty days. The objective of this action will be not only to attract investor interest but more importantly, to secure investment.
Dr. Mitchell advised the gathering that the delays and other weaknesses in the past and present will be immediately corrected to facilitate growth in the economy.
The former Prime Minister noted that international support has already been identified to ensure that this becomes a reality.
He added that the NNP has learnt from the experiences of the past and reiterated that steps will be taken to ensure that these licenses are issued only after the necessary due diligence is conducted.
