Saint Kitts and Nevis PM invites city investors

LUDHIANA: You may not have heard the name of Saint Kitts and Nevis, an island near the West Indies, but it may be a good thing to keep a tab of what the prime minister of this island nation Denzil Douglas promised to Ludhianvis on Friday.
On a visit to invite help and support for his country and people, Douglas was in Ludhiana on Friday, where he encouraged people to venture into his country considering relaxed tax and property laws it has for outsiders.
He said his country is open for Indians to invest in hospitality, tourism, renewable energy and information technology and that they expect help from Punjab in terms of latest agricultural technologies in order to make the most of the little agricultural land the country has. Douglas said his country needs to indulge more in commercial agriculture of green vegetable and fruits and development of better live stock and Punjab can be an instrumental help in this regard. ‘‘We will offer tax holidays and there is no income tax on earnings or corporation tax in our country.
We will even waive off the import duty on the imports and the land are also available on lease from the government and also for the private holdings in which the owners rights are protected, said, Douglas. Saint Kitts is surrounded by Caribbean sea on the west and Atlantic ocean on the left, which renders an enjoyable weather throughout the year, Douglas said. The prime minister said he is looking for opportunities of joint ventures with the Indian government and with private companies as well. ‘‘India has been our friend and we want to extend this friendship with increased economic and cultural exchange. We too, are a democratic nation with similar laws,’’ said Douglas.