Manufacturers are being urged to take advantage of the Government’s Modernisation of Industry Programme (MOI) to benefit from financial and technical support to retool and modernise their operations.
Under the initiative, which is administered by the Ministry of Industry, Investment and Commerce, through Jamaica Trade and Invest (JTI), provisions are made for the waiving of General Consumption Tax (GCT) chargeable on machinery and equipment directly related to the manufacturing process.
“Companies…, once qualified, can benefit under this programme,” said JTI Regional Manager, Conrad Robinson, as he addressed the 15th anniversary celebrations of Hamilton’s Industrial Machine Shop in Montego Bay St. James on July 31.
Regional Manager for Jamaica Trade and Invest, Conrad Robinson, addressing the 15th anniversary function of Hamilton’s Industrial Machine Shop, held recently at the facility’s location in Montego Bay St. James.
Noting Hamilton’s vision of contributing to the industrial development of Jamaica, he encouraged the company to partner with the JTI, “because we can help you to bring in whatever equipment or machinery that you need to be able to achieve that goal and all of that will be done duty free/tax free under the MOI programme.”
Citing present global challenges, Mr. Robinson pointed to the need for a concerted effort by all Jamaicans, including investors, entrepreneurs, educators, and bankers, to increase production and employment through training, utilisation of local resources and aggressive creative financing.
“Our priority now must be to do everything necessary to increase production and productivity,” Mr. Robinson stated.
In the meantime, he lauded Hamilton’s Industrial as a “fine example of competitiveness at the enterprise level, reflecting our ability to design, produce and market products that can be considered superior to those offered by competitors.”
Managing Director of Hamilton’s Industrial Machine Shop, Keith Hamilton, is assisted by Marketing Manager and daughter, Tina Hamilton, to cut the 15th anniversary cake at a function held last week at the facility’s Montego Bay location in St. James.
“In these times, when we have to spend so much on imports, we welcome the work that you are doing here in creating parts, rebuilding machines or engines, thereby saving the country valuable foreign exchange,” Mr. Robinson stated.
Established in 1994, Hamilton’s Industrial Machine Shop manufactures and reproduces spare parts for automotive and industrial machinery. Hamilton’s is the only business in Jamaica that makes spare parts, and in some respects the only one in the Caribbean that reproduces crankshafts that are on par with the best in the world. Cylinder boring, cylinder honing and line-boring of engines are also done. Using computer aided design (CAD) and state-of-the-art machinery, the company is able to create any part in a short period of time.
In 2009 the company received the Ministry’s Nation Builders Award for Innovation and Managing Director, Keith Hamilton, was recognised with the Minister’s Innovation Award in Science and Technology, and Outstanding Male Entrepreneur Award.