Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

Targeted Sectors for Investment: Medical Tourism and Medical Wellness Tourism; Health, Education and Wellness Services; Agribusiness; ICT; Energy Development, Sport

Incentives include:

• Investment allowances • Relief from customs duties and taxes on plant, equipment, raw materials • Reduced property transfer tax • Tax credits for training, research and development. • No restrictions on foreign ownership • No restrictions on foreign currency transactions • No restrictions on the repatriation of profits, capital and dividends For more information contact: Grenada Investment Development Corporation Email: invest@grenadaidc.com

Jamaica

Population: 2,948,279 GDP (USD): $16.5 billion GDP Per Capita (USD): $5,582 GDP Contribution by Sector: Agriculture 6.6%, Industry 20.25% and Services Sector 59.33% (2019 est) Official Exchange Rate (per US Dollar): 1 USD = 149.50000 JMD

Ease of Doing Business Rank 2020: 71 of 190 countries

Jamaica, the largest English speaking Caribbean island, boasts the distinct qualities of a vibrant emerging market with enormous possibilities for trade and inward investment. The country operates as a mixed free-market economy with both state and private sector participation in

48

Enhancing India-CARIFORUM Economic Relations and Prospects for Cooperation