Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation

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INVESTMENT OPPORTUNITIES IN THE CARIBBEAN

Priority Sectors In July 2014, the CARICOM Secretariat published its 2015-2019 Strategic Plan highlighting the priority sectors for investment in the Caribbean. 20 The Plan focused attention on priority sectors guided by the following objective: To build competitiveness and unleash key economic drivers to transition to growth and generate employment. Many of the sectors identified in the Secretariat´s Strategy also form a part of the priority sectors identified by 23 member countries of the Caribbean Association of Investment Promotion Agencies (CAIPA) in their 2016 Regional Investment Promotion Strategy. The following priority sectors have been identified by the Caribbean for the attraction of investment: Creative Industries The Creative industries has become a new engine of growth and development in the global economy. In the Caribbean, this dynamic sector has been an important driver of innovation and productivity growth and includes Music, the Audiovisual sector (film and animation), Innovation and Industrial Design for Cultural Items, Art and Literature, Fashion and Caribbean Cuisine. There are significant opportunities for potential investors to collaborate in the development of music and film studios in the region, creating strategic connections and opportunities with Bollywood, collaborating on cultural expressions such as festivals and

20 The Strategic Plan for the period 2020-2030 is to be finalized and approved by the CARICOM Heads of government in 2022.

Investment Opportunities in the Caribbean

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