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Penal/Debe Leases finally handed out

Trade and Industry Minister (centre) flanked by tenants of the Penal/Debe Industrial Park, Mr. Valmiki Ramnarine (2nd right), Ms. Davana Ramnarine (3rd right), Mr. Kelton Pooran (2nd left), Mrs. Jasodra Pooran (3rd left), Mr. Imtiaz Ahamad, Chairman, eTecK Limited (left) and Mr. Ian Fletcher, VP Real Estate Assets (right)

December 21, 2016:- After being issued Letters of Offer in 2010 and 2011, tenants of the Penal/Debe Industrial Park were issued thirty-year (30) leases today by Senator the Honourable Paula Gopee-Scoon, Minister of Trade and Industry at the Ministry. The finalization of the lease agreements follow a commitment made by Minister Gopee-Scoon to the Penal/Debe Chamber of Commerce in early December. At that time, the Minster indicated to the business community that the Government was conscious of the need for land to facilitate the expansion of businesses and that leases for the Penal/Debe Industrial Park would be finalised and issued before the end of the year.