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March 2022
 

18 March 2022

Update: JBDC creates incubator for essential oil producers

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 18 Mar 2022    admin   
Jamaica Business Development Corporation , JBDC, will in April start taking applications for its essential oil incubator, through which it plans to churn out entrepreneurs to take market share away from importers. JBDC is eyeing at least a quarter of the US$40 million in annual essential oil imports flowing into Jamaica, Deputy CEO Harold Davis says. The agency expects to hit the US$1-million target by year four of the programme, and level up thereafter, as start-ups and graduates of the incubator programme move to set up their own operations. JBDC itself will sell essential oils through its...


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The JIPO office is located in the Jampro building in New Kingston, St Andrew.

New changes to Jamaica's intellectual property landscape

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 18 Mar 2022    admin   
RECENTLY, there have been major developments in Jamaica's intellectual property (IP) landscape. These changes include the bringing into effect of the much-anticipated Patents and Design Act, 2020 and the Trade Marks (Amendment) Act, 2021. The Patents and Design Act came into effect on February 11, 2022. Some of the main effects of this Act include that the ancient Patents Act, 1857 and the Designs Act, 1937 were repealed and the Jamaica Intellectual Property Office (JIPO) will now exercise the powers that were previously given to the attorney general under the Patents Act, 1857...


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Minister of Industry, Investment and Commerce Aubyn Hill (right) and Opposition Spokesperson Anthony Hylton officially commission Industrial Gases Limited’s oxygen PSA plant at the company’s Ferry, St Catherine, plant on Wednesday.

IGL pumps up oxygen supplies

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 18 Mar 2022    admin   
Production of medical grade oxygen at Industrial Gases Limited (IGL) will be increased by 40 per cent with the commissioning of an oxygen PSA plant. IGL, Jamaica’s lone supplier of medical oxygen, currently produces 13 tonnes of the product daily. That investment, valued at approximately $100 million according to Managing Director Peter Graham, is welcome news for Jamaica’s healthcare sector whose severely and critically ill coronavirus patients gasped for oxygen amid last summer’s third wave, the deadliest period of the two-year pandemic. Graham explained that prior to 2018, Jamaica had full...


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Keith Davisq (centre), IGL quality health, safety and environment manager; engineer Tami Leigh Mitchell and Senior Operations Engineer Michael Wynter (right) watch as Minister of Industry, Investment and Commer Senator Aubyn Hill start the oxygen pressure swing absorption plant at Industrial Gas Limited's Ferry compound in St Catherine. Also looking on is Member of Parliament for St Andrew Western Anthony Hylton, who attended the commissioning of the plant on Wednesday, March 16, 2022.

'Still in expansion mode' IGL outlines import substitution, export plans

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 18 Mar 2022    admin   
On the cusp of its 60th anniversary — which coincides with the 60th year of Independence for Jamaica — Industrial Gases Limited (IGL) is ready to embark on an expansion initiative that will see the company diversifying its product offering and begin exporting products to other jurisdictions. On Wednesday, March 16, managing director of IGL Peter Graham used the commissioning of the company's new oxygen pressure swing absorption (PSA) plant at Ferry, St Catherine, as a platform to outline plans to increase supply of industrial gases locally as part of an import substitution thrust. The...


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State Minister in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn.

Digital Financial Services Must Be Inclusive, Accessible – Dr. Dunn

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 18 Mar 2022    admin   
Providers of digital financial services are being implored to create products that are inclusive and accessible to all Jamaicans, while ensuring that the most vulnerable are protected, including the elderly. Minister of State in the Ministry of Industry, Investment and Commerce, Dr. the Hon. Norman Dunn, made the call while addressing Tuesday’s (March 15) World Consumer Rights Day online forum under the theme ‘Fair Digital Finance’. Digital finance is the delivery of traditional financial services through devices such as computers, tablets, and smartphones. Dr. Dunn said that digital finance...


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Concrete blocks which are used in the Jamaican construction industry.

BSJ launches new concrete standards

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 18 Mar 2022    admin   
THE construction industry will have to adhere to a raft of new guidelines following the launch of new standards for hollow concrete blocks and ready-mixed concrete. The Bureau of Standards Jamaica (BSJ) launched the updated standards on Tuesday. Speaking at the launch event, Minister of Industry, Investment & Commerce Aubyn Hill said, “The launch of these revised standards could not have come at a more opportune time. Jamaicans are investing significant resources in the built space and environment for their families, businesses and communities.” He encouraged industry players to abide by...


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Community enterprises get $50m support

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 18 Mar 2022    admin   
Approximately 200 micro and small enterprises in eight marginalised communities are set to benefit from grant support totalling $50 million. This, under the Government’s Integrated Community Development Project Phase 2 (ICDP II) being implemented by the Jamaica Social Investment Fund (JSIF). This will be facilitated under the ICDP II Enterprise Development Grant Project Cycle 2, which will directly benefit 53,234 residents in August Town, Denham Town, and Greenwich Town in Kingston and St Andrew; Treadlight in Clarendon; and Anchovy, Mount Salem, Norwood, and Salt Spring in St James. The...


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The Ministry

Welcome to the official website of the Ministry of Industry, Investment and Commerce.

The Ministry of Industry, Investment and Commerce is described as Jamaica's "Business Ministry." It's mandate is to lead the development of policies that will create growth and jobs, while achieving social inclusion and consumer protection. The Ministry, working its stakeholders is primarily responsible for business policy development, monitoring and evaluation, while giving direction and oversight to a cluster of implementing departments and agencies.

We have, therefore, placed much energy and enthusiasm into the development of this website to provide timely information on the Ministry, our agencies and programmes.

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4 St. Lucia Avenue, Kingston 5, Jamaica
Telephone: (876) 968-7116 
Fax: (876) 960-7422 
Email: information@miic.gov.jm

Opening hours: 
Mondays - Thursdays 8:30 a.m. - 5:00 p.m.
Fridays 8:30 a.m. - 4:00 p.m.

 

The Ministry of Industry, Investment and Commerce - https://www.miic.gov.jm