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Leading health and wellness company coming to St. Lucia - Investment climate attractive
By GIS Saint Lucia
Posted: Oct 13, 2004 18:43 UTC
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CASTRIES - Saint Lucia has been chosen to be the headquarters of a Canadian company, which is in the process of expanding to the United States, South America and the Caribbean Region. By December of 2004, one of Canada’s leading nutraceutical companies, Destiny Health and Wellness will be part of the island’s growing league of regional and international companies. Chairman of Destiny Health and Wellness, David Singh said that he found the investment climate in St. Lucia very attractive.
“The reason I am here in Saint Lucia is to look into putting all the pieces of the puzzle in place to launch our business here in the Caribbean, and more so specifically here in Saint Lucia on December 6, 2004. Sorting all the pieces of the puzzle means we’ve got all kinds of banking and legal work to do, but we are committed to being here and launching Destiny Health and Wellness in Saint Lucia,”, Mr. Singh said.
According to Mr. Singh, in light of the health conditions that plague the local community, there is scope in St. Lucia for the nutraceutical industry, which focuses on the preventative side of medicine. “The types of things we are looking for before we go into a particular marketplace are things like the need for our products first and foremost, and we know there is a need here in Saint Lucia; we know there is a global need for our products all over the world. We are aware for example, that hypertension and diabetes are two big health issues here in Saint Lucia”, Mr. Singh explained.
Mr. Singh said that funding to fully establish this new initiative was expected to run into millions of dollars, and would create employment opportunities for several persons.
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