27
•
assist manufacturing and service firms in developing innovative products, processes,
systems and services
•
increase the number of companies performing effective R&D in Trinidad and
Tobago
•
increase the scale of investment in R&D in Trinidad and Tobago.
110.
Under the IDF, the implementation of a Single Economic Window (SEW) has already
begun to realise significant benefits to the GORTT in terms of its impact on the delivery of
Government trade and business services. The Company Registration Module has reduced
processing time from 7 days to 3 days, the Work Permit Module has reduced processing time
from 6 weeks to 2.5 weeks and the Import/Export Permits & Licenses Module has reduced
processing time from 4 weeks to 1 day.
111.
Implementation of the SEW in the form of maintenance and upgrade of the modules will
continue through the medium-term in furtherance of making a significant impact on the delivery
of Government trade and business services as well as on the competitiveness of the Country.
Manufacturing
112.
Government’s agenda for development and transformation of the Trinidad and Tobago
economy includes diversification in the non-energy sector of the economy. To this end, funding
will be provided to continue several initiatives aimed at developing the manufacturing industry
in Trinidad and Tobago. These initiatives include infrastructure design and development and
development of additional lots at the Wallerfield Industrial and Technology Park, and continued
promotion of the Park for tenancy.
113.
Construction of the Flagship building and continued development at Wallerfield
Industrial and Technology Park will be brought to completion at an estimated cost of $70 million
ETecK will continue to engage the private sector to develop additional spaces at the Park for
leasing through the public-private partnership arrangement. The Tamana InTech Park consists of
1,100 acres, housing a commercially viable industrial and technological facility with academic
research and development capabilities. The Park is expected to comprise six (6) zones when
completed:
•
An
ICT Zone
, which will engage in processing, software development,
programming and business process outsourcing
•
A
High Value Manufacturing Zone
with technology-based specialised
manufacturing
•
A
Mixed Use and Services Zone
to provide technical support, maintenance, medical
consultancy and health care
•
A
Knowledge Based Zone
comprising a University of Trinidad and Tobago campus
and Research
and Development activity
•
An Agro Tech Zone
