Executive Chairman of Conrad Douglas and Associates, Dr. Conrad Douglas, told a recent stakeholder that the industry offers vast opportunities for investors in agriculture, food processing, and manufacturing.
"There are great opportunities…what we found were really large.
We are talking about total cumulative value for the markets of some US$7 billion," he
said, citing the production of paper, polishes, paints, rubber, glass, cosmetics, plastics and adhesives.
said Jamaica was blessed with rich limestone resources and is considered as the limestone capital of the world.
That, in itself, presents a wide range of opportunities," Douglas
noted that there was need to focus on the production of high value-added products to drive the industry for the future.
We believe that there is opportunity, as found from the study, to ramp-up production to a greater level," he
said, adding that currently, Jamaica imports limestone products that can be manufactured locally, and some 10 plants across the island can be "ramped-up easily" for the production of these value-added items.
said that for the development of the sector, a number of legislation relating to planning and development orders need to be amended and that "great reliance" would have to be placed on scientists in the development of the industry.