Caribbean AgTech Investment Opportunities

Caribbean AgTech Investment Summit, 2021

A BRIEF OVERVIEW OF THE AGRICULTURE SECTOR

The Government continues to undertake initiatives that are aimed at further developing and boosting the industry through an increased agriculture budget allocation, crop insurance (pilot project), capacity building and technical support staff. Incentives/Concessions for the Agricultural Sector: The Government of Grenada continues to encourage the establishment and development of new businesses and offers a wide range of incentives to potential and existing investors. Investment projects operating in the sectors are eligible for incentives. These incentives are designed to make investing more profitable; they include: • Investment allowances up to 15 years • Duties and Tax exemptions on building materials, furnishing, fixtures, equipment, packagingmaterial and raw materials, and commercial vehicles • Property transfer tax waivers • Tax credits for training, research and development

The sector comprises several small-scale farmers and agro-processors who supply the local market and larger producers that supply high-value produce such as

Nutmeg

Soursop

Cocoa

for export.

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The main contributors by sub-sectors are fruits, vegetables, and food crops;

Nutmeg & mace

Cocoa

Fish

Crustaceans

livestock such as

For further information, please visit our website: www.grenadaidc.com

Cattle

Pigs

Poultry

Small Ruminants

forestry; apiculture and floriculture; and agro-products.

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