The Mission, headed by Mr. Fu Zai Song, Chairman of Touchstone Capital Partners, involves companies with interests in agriculture, fisheries, mining, energy and tourism sectors. While here the delegation held discussions with government and private sector officials.
“We welcome the visit of the China-Grenada Trade Mission. We have consistently implemented measures to attract and encourage investment in Grenada. We welcome foreign direct investment, which we believe can play a significant role in our development,” Prime Minister Tillman Thomas said prior to leaving for Haiti on Thursday.
In a document presented to the Government of Grenada, the mission from Touchstone Capital Partners, outlined a workplan for their involvement in the development of Grenada, including the centralizing of operations in St. George’s, as a hub for their business activities in the Caribbean, Central and South America.
The Chinese delegation, accompanied by the Ambassador of the Peoples Republic of China to Grenada, His Excellency Xu Jianguo, (pronounced Shu G-an-gu-o), outlined a development package which provides for an immediate investment of US $10M into the Grenadian economy.
The plan for Grenada also includes interest in the development of Grenada’s cocoa industry with the establishment of a processing facility for the production of chocolate and chocolate products, cocoa powders and drink mixes, and other products, utilizing Grenadian raw material.
This will be done in partnership with the Grenada Cocoa Association and the Marketing and National Importing Board.
The Prime Minister, Minister for Tourism, Hon. Peter David; Minister for Foreign Affairs Hon. Karl Hood and other government officials witnessed the Touchstone presentation.