Senior Reporter
kay-marie.fletcher@guardian.co.tt
Prime Minister Dr Keith Rowley has accused the Opposition of trying to deter international investors from this country. Responding to the backlash received from the United National Congress (UNC) who called for Indian businessman Naveen Jindal of Jindal Steel and Power Ltd to be disqualified from the bidding process for the Pointe-a-Pierre refinery, Dr Rowley said doing so will not only discourage Jindal but also other businesses from wanting to invest in the country.
Rowley said, “It would be a very bad thing if we are constantly trying to attract foreign investment into this country, but there are people in the political arena claiming to want to be the next government, and all they could do is threaten any investor who may want to invest here, as to what they would do and what they won’t do when they get into government. Because if I were an investor, and that was the environment, I don’t think I would be as attracted to it as I would normally be.
“What we have in Trinidad and Tobago, you don’t have in the other countries. In other countries, you don’t have an opposition that’s chasing foreign investment … If you have people in your country whose job it is to chase away people who come to invest in your country, you have to ask yourself in whose interest are they acting? In their own interest because they believe by doing that, they will win an election.
“That attack on a potential investor is not only negative for that investor; you’re creating an environment of hostility.”
He said that the negative effect has possibly already kicked in, as he’s aware that another potential investor who previously expressed interest in T&T is now questioning the political conflict within the country following attacks on Jindal.
Asked if Jindal’s corruption charges are of any concern to him, he replied, “Of course, it is a concern, but you have to determine what you’re dealing with. Is it an individual you’re dealing with or a company? Because very many companies around the world have had issues.”
While the refinery has not yet been sold, Dr Rowley said all interested people have until July 31 to submit their proposals; this includes Jindal, but he could not confirm whether or not he was still interested in the refinery following the backlash.
The Oilfield Workers’ Trade Union (OWTU) has also rejected the idea of selling the refinery. Accusing the Government of spreading misinformation about Petrotrin, OWTU president general Ancel Roget said the union will stage “burnings” across the country and called for a national debate against Dr Rowley on the refinery.
Dr Rowley said that would not solve the problem.
“With respect to the refinery, the problem is that we have a refinery that we have had to close because of the reasons given. The people who are talking, especially in the political arena, about this refinery, many of them know that what they’re talking about don’t make no sense. But it’s either that is how they spend their day or they believe that by extracting sentiments and emotions out of it, it will benefit them. The Government can’t spend its time and effort engaged in that.”