Find Industry and Manufacturing expertise in Grenada

In 2010 the manufacturing industry contributed almost 4.5 per cent to Grenada’s GDP (World Bank report 2012). The industry has grown significantly since the turn of the century due to government encouragement, incentives, tax exceptions and other facilities (2011). Grenada is rated 107 out of 185 countries by the World Bank for ease of doing business, a ranking based on how conducive the regulatory environment is to the opening and operation of a local firm.

Manufacturing spans many different sectors including construction, woodwork and jewellery manufacture. Manufacturing industries in Grenada operate mostly on a small scale where the main industries are food and beverages, textiles, and the assembly of electronic components for export. Other industries include brewing, rice milling and agricultural processing. The recent boom in construction has also brought an increase in associated industries such as cement and furniture (2012). In 2013 there were around 16 companies working in the manufacturing sector.

Despite growth in the manufacturing sector, the industry remains small scale and tends to cater for foreign companies (2012). The major export markets for Grenada’s manufactured exports are the UK, USA and Caribbean countries (2011).

The Grenada Industrial Development Corporation is the main agency that oversees the industrial sector in the country. Made up of a board of directors appointed by the government, the GIDC facilitates investment and governance in the industrial sector.