BASSETERRE, St. Kitts, CMC—The St. Kitts-Nevis government has signed a memorandum of understanding (MOU) with a Pakistani-based textile company to begin operations here soon.
A government statement said that the provisional agreement, subject to review by the government’s legal department, marks a significant step towards bolstering the nation’s industrial base.
Dr. Denzil Douglas
It said that the MOU was signed following discussions initiated during a visit by the Minister of Foreign Affairs, Dr. Denzil Douglas, to India, during which a textile company expressed interest in establishing operations in the Twin Island Federation.
“The company had become aware of the Minister’s travel to India and initiated talks to explore the possibilities of investment. This development comes at a crucial time as the St. Kitts Brush Company Ltd is set to close within the next few months, leaving approximately 50 employees facing job loss,” the statement noted.
It said the government has since been actively seeking alternatives to cushion the impact of the closure, with Douglas indicating, “That is why I was so anxious to find a factory or two that would be able to replace those that we have lost and those that we are about to lose.”
“In addition to this MOU, earlier discussions were held in Dubai with members of the Pakistan textile industry. The delegation expressed interest in evaluating the feasibility of setting up a textile factory in St. Kitts and Nevis.
“This potential collaboration stems from Pakistan’s current energy crisis, which has forced the closure of many textile operations in the country,” the statement said, adding, “The establishment of a textile factory in St. Kitts and Nevis would serve as a timely response to these challenges, providing not only employment opportunities but also positioning the Federation as a viable hub for textile production in the region.”
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