Franka Costelloe has been appointed the chairperson of InvesTT Limited board of directors.
Trade and Industry Minister Paula Gopee-Scoon expressed confidence in the combined experience, knowledge and skillsets which each member brings to the new InvesTT board.
Gopee-Scoon also expressed her appreciation for their willingness to serve, and effect the right policies and investment promotion strategies on behalf of the Government.
The fundamental role of InvesTT, the national promotion agency, is to attract FDI into the country’s prioritised non-energy sectors, to drive the economy’s diversification thrust.
Of particular importance, the Minister noted the Agency’s commitment to marketing and tenanting the industrial parks, namely, Tamana InTech Park, Moruga Agro-Processing and Light Industrial Park and the Phoenix Park Industrial Estate.
“The honourable minister recognised the need to revitalise the non-energy sector and build resilience in the face of the global challenges presented by the COVID-19 pandemic. She acknowledged that the agency has already been adapting and reinventing its lead-generation and marketing activities despite these challenges,” a release from the Trade and Industry ministry stated.
Remarking that foreign investment is paramount to stimulate economic activity Minister Gopee-Scoon said:
“Hidden within this current global pandemic is an opportunity to invigorate the economy. InvesTT has shown agility in its response to supporting investors’ evolving needs during this time, and has taken a proactive approach to renewing its role as an investment promotion agency.”
The Trade and Industry ministry said that Costelloe, brings to the Board a wealth of knowledge and experience from her stewardship in the private sector, particularly in the fields of manufacturing, investment and finance, strategic planning and executing and corporate governance.
Costelloe is currently the director of Lifetime Roofing Limited and is the immediate past President of the Trinidad and Tobago Manufacturers’ Association.
Ms Franka Costelloe —chairperson
Mr Christophe Brathwaite
Captain Alicia Hackshaw
Mr Gerard Noel
Mr Bevan Narinesingh
Ms Nola Drayton-Smith
Ms Tricia Beckles