Capitalise on Global Growth Trends – Minister Dunn

Minister of State in the Ministry of Industry, Investment and Commerce, the Hon. Dr. Norman Dunn, is urging entrepreneurs to take advantage of economic growth trends occasioned by the pandemic to drive their businesses.

Addressing micro and small business enterprise (MSMS) owners on Monday, November 8 at a Business Dialogue Forum on the theme “Rebooting for Business in a Post-Pandemic Era”, the Minister encouraged the gathering to diversify into industries that are emerging as growth leaders.

“Global disruptions have led to economic growth in many markets, such as manufacturing; logistics and distribution; renewable energy; as well as services in the financial, outsourcing, health and legal sectors,” the minister said.
He noted that Jamaicans are naturally creative and should transform their already innovative ideas into world-class products.

“Any enterprising Jamaican with a sound business plan can enjoy the same success as other local companies which are now trading internationally,” the minister observed.
He added that the current initiative to develop an industry of by-products from bamboo is a ‘game changer’ for the manufacturing sector.

Jamaica’s estimated 160,000 acres of bamboo is heavily underutilized, whereas India and China have created multi-billion dollar industries from the versatile plant.
Organized by the Jamaica Business Development Company (JBDC), the Business Dialogue Forum was one of a series of events staged to support entrepreneurs for Global Entrepreneurship Week from November 8 – 12.

The JBDC is an agency of the Ministry of Industry, Investment and Commerce.