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Nestlé’s decision to explore the sale of its dairy and juices business has ignited a fresh political battle over the state of Trinidad and Tobago’s manufacturing sector, with the Government insisting that investor confidence is rising, while the Opposition argues that recent policies are making the country less competitive.
Last week, during a meeting with staff, Nestlé informed employees it had begun a strategic review of its Trinidad and Tobago operations as part of a wider global restructuring and was exploring the possible sale of its dairy and juices business. More than 200 workers are employed at the company’s facility on the Churchill-Roosevelt Highway, Valsayn.
The development dominated discussion yesterday as Trade, Investment and Tourism Minister Satyakama “Kama” Maharaj and former minister in the Ministry of Finance Brian Manning offered sharply contrasting assessments of the country’s investment climate.
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