KINGSTON, Jamaica – Trade between India and Jamaica has seen a significant boost, with a 26% increase over the past year, highlighting the strengthening economic partnership between the two nations. Shullette Cox, President of Jamaica Promotions Corporation (JAMPRO), noted that the bilateral trade reached an impressive $116 million during the fiscal year 2023/2024, reflecting the ongoing growth of the relationship.
Cox made these remarks at a recent business and ethics event, which took place on the lawns of India House on East King’s House Road in Kingston. The event, organized by the High Commission of India, was attended by government ministers, senior officials, members of the business community, the diplomatic corps, and global humanitarian and spiritual leader Gurudev Sri Sri Ravi Shankar. This gathering underscored the expanding ties between India and Jamaica, both in trade and in fostering diplomatic and business relations.
Cox said that the upward trajectory reflects the dedication of both nations in nurturing mutual economic prosperity. She noted that over the last few years, JAMPRO has welcomed four delegations from India, as well as facilitated the International Start-up Fund Global CXO Summit, held in June.
She said discussions at the summit, “opened new doors for strategic partnerships,” noting that over the past year, JAMPRO facilitated two investment projects with Indian partners, one in digital services and the other in agriculture.
“I believe that this is only a sign of even bigger and better things to come,” she added.
According to Cox, discussions have also focused on fostering collaboration to boost Jamaica’s film industry.
“We look forward to continuing talks on the possibility of a Jamaica-India co-production treaty, which will see more Jamaican and Indian producers working together to tell the stories of our shared history and heritage,” she said.
– JIS
