Minister Urges Business to Embrace Logistics Hub

MarineLink.com
Wednesday, January 22, 2014
Minister the Hon Anthony Hylton

Development of Jamaica into a global logistics hub will prove a massive boost for micro, small and medium sized enterprises (MSME) wishing to invest in, or grow their existing operations on the island, according to Anthony Hylton, Minister of Industry, Investment & Commerce.

Addressing the Jamaica Logistics Symposium in Kingston yesterday, Minister Hylton said that while the actions of the global capital markets may impact on MSMEs, the obstacles which firms face in trying to enter a market or industry are deliberately being tackled by the Government of Jamaica through the JLH initiative with support from the island’s international development partners, namely the World Bank and the IDB.

Urging this dynamic sector to embrace the Jamaica Logistics Hub, Minister Hylton said the GOJ was working hard to put the needs of the MSMEs at the forefront of the country’s future economic growth plan as encapsulated in the JLH.

He said, “The GOJ with support from our international development partners, namely the World Bank and IDB, are making special efforts to support MSMEs operating in Jamaica’s Logistics Hub to overcome the barriers to entry.

Government will be facilitating economic activity related to the Logistics Hub Initiative in designated special economic zones (SEZ) spread across the country where industry clusters will be established linking large corporations and MSMEs. Together with supporting the development of supporting infrastructure for the Logistics Hub, the Government will focus attention on the users of the facilities.

“Those industry sectors targeted with potential for Jamaica’s Logistics Hub will be determined based on a detailed Industry analysis to be commissioned. This analysis involves a high-level benchmarking of Jamaica’s offerings against key international competitors based on current and future industry trends. The purpose of the exercise is to identify the most promising sectors, sub-sectors and business functions as potential targets for Jamaica’s Global Logistics Hub,” he said.

Small businesses are a critical aspect of the logistics industry in any part of the world and Jamaica will ensure that micro, small and medium enterprise (MSME) entrepreneurs are included in the economic zones, and become an integral part of the global value chain.

Programs to support entrepreneurship and skills development will also be rolled out across the country. The Human Employment and Resource Training Agency (HEART) together with the National Training Agency and the Jamaica Business Development Corporation (JBDC) will be leading entrepreneurship training and have developed entrepreneurship training modules which are currently being taught by the respective institutions.

“This is in keeping with the strategies for creating a culture of entrepreneurship as outlined in the GOJ’s MSME and Entrepreneurship Policy. As such, HEART is preparing a proposal for the full roll-out of entrepreneurship training, throughout all its programs, which means that every HEART Trust trainee will be exposed to entrepreneurship skills development training. The institution is also looking at developing a curriculum for an introductory course for schools run by the Ministry of Education. It plans to offer training to Teachers’ Colleges, Universities etc., as well as employees within the private sector and public sector and will help to educate employers about the value of entrepreneurship, in an effort to encourage them to increase engagement with staff in a manner that will help boost the level of productivity within organizations as well as prepare existing employees to branch off in their own businesses.”

HEART and JBDC will be partnering with the MIIC in developing and rolling out this training initiative and getting buy-in from all key stakeholder organizations who also provide training, incubation, apprenticeships, internships and mentoring as well as knowledge transfer.
 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

Education/Training

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

The New Pipeline

Competition in the maritime communications sector is fierce, and ship owners are the winners as service from land-to-sea is becoming faster and cheaper. MR spoke

VADM Hilarides Commander, Naval Sea Systems Command

Vice Adm. William Hilarides, the commander of the Naval Sea Systems Command (NAVSEA), recently spoke to a small group of reporters about his vision for NAVSEA and

News

Aker Evaluating Future of US Shipyard, ASC

Norway's Aker ASA may decide to merge or otherwise restructure two listed units that have seen strong benefits from the U.S. shale oil energy boom, Aker's Converto

Almarin Buoys for GNL del Plata in Uruguay

Almarin has supplied fourteen buoys to OAS constructor for the maritime beaconing of the works of GNL del Plata project in Uruguay. Almarin Spanish AtoN supplier

Mercury Marine produces 75,000th Verado L6 Outboard

Milestone comes less than 10 years after launch of platform.   Mercury Marine, the world leader in commercial and recreational marine propulsion and technology,

Government Update

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Port Firm Fined £650,000 for Health, Safety Breach

A port operator has today (Monday 29 September) pleaded guilty to health and safety breaches, following the deaths of three crew members of a tug which capsized on the River Clyde in 2007.

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

Logistics

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully

Fire at Milazzo Refinery Impacts Docks

Inchcape Shipping Services  is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1975 sec (5 req/sec)