Jamaica’s investment and export promotions agency, Jampro, is finalising its plan for the launch of the National Investment Policy, a framework expected to help Jamaica reach its investment target of US$2.5 billion by 2020.

It’s the first of its kind for the country, and Jampro reckons that this policy is what the country needs to align the efforts of all entities involved in the attraction of facilitation of local and foreign investments.

Already the development of the policy has received the stamp of approval of Cabinet and a policy steering committee has also been named with the first meeting scheduled to take place in a week. Chairman of Jampro Don Wehby, who also holds the post of chief executive officer of Grace Kennedy, has been appointed chairman of the policy steering committee by Prime Minister Andrew Holness.

“We believe that this framework will revolutionise the decentralised handling of investors and dispersion of the investor experience across various arms of Government, while ensuring that there is cohesion among these agencies,” Wehby said at the recently held National Competitiveness Council 7th Annual Business Environment Roundtable at the Terra Nova Hotel in Kingston.

http://www.jamaicaobserver.com/business/Jampro-aims-to-triple-investments-to-US-2-5-_94653