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Friday, April 4, 2025

PM accuses Opposition of driving away foreign investors

by

kay-marie fletcher
252 days ago
20240726
Jindal Steel and Power Ltd chairman Naveen Jindal, left, meets with Prime Minister Dr Keith Rowley at the Diplomatic Centre on June 17.

Jindal Steel and Power Ltd chairman Naveen Jindal, left, meets with Prime Minister Dr Keith Rowley at the Diplomatic Centre on June 17.

PHOTO COURTESY OFFICE OF THE PRIME MINISTER FACEBOOK PAGE

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.”


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