IPA reveals new roadmap

Business, Normal

The National, Monday June 15th, 2015

THE Investment Promotion Authority (IPA) has a new roadmap to guide the Government agency into the next three years, managing director Ivan Pomaleu says. 

Speaking at the launch of 2015-2017 strategic plan in Port Moresby last Friday, Pomaleu said IPA’s board, management and staff would work according to the plan to achieve the Government’s plans and visions for Papua New Guinea’s investment sector. “We want to be the lead government agency which provides proactive and timely customer services to all our credentials, new and existing investors,” he said. 

“Our mission, of course, is to provide effective and efficient services, and encourage downstream processing and export proportion.  We need a vast and regulated environment that is transparent and sustainable.” Pomaleu also acknowledged the IPA board for support of the new plan.

“I acknowledge the leadership and guidance towards development of this strategic plan,” he said. 

“I would also like to acknowledge the staff for the development of the plan.”

The IPA also launched its PNG Exporters Directory covering 2015 and 2016.

Pomaleu said: “We included sections on services sector focusing on finance, banking, telecommunication, building infrastructure and transport sector. 

“We are also focusing on the growth areas, particularly with respect to SME and have profile of a number of SME exporters who are currently exporting overseas.” 

Also launched was the “IPA Invest in Papua New Guinea” DVD, which highlighted the country’s potential investment areas and environment to which could make it possible for investors to invest in.  

Acting board chairman Phil Franklin added: “The new strategic plan operates on a cycle of three years and is focused on the challenges of the present operating environment and formulates a set of strategies to move the operations of the authority to the next level.”