During the 1950’s the Barbadian manufacturing sector continued to grow with the creation of:
- Écaf Products (1955)
- TMR (1958)
- Bank Breweries (1958)
In addition, with the expansion of the then Seawell International Airport (now Grantley Adams International Airport) there began an influx of tourists to the island. Craft persons were subsequently given a greater opportunity to sell their hand-made products which resulted in the early formation of a clearly defined handicraft sector. (The first basketry workshop was consequently established in Edgehill, St. Thomas).
The Government of Barbados, under its Development Plan of 1965-1968, sought the establishment of domestic industries that would have been willing and able to export extra-regionally and intra-regionally specifically to the Eastern Caribbean region. [Additionally, it is worth noting that one of the first Industrial Estates (Grazettes Industrial Estate) had opened its doors to its first clients which included Yankee Garments, Mapp’s Garments and Angelus Furniture in 1961].
Under Sir Arthur Lewis’ strategy of “Industrialisation by Invitation” one observed the further expansion of manufacturing within Barbados by large Multinational Companies such as Berger Paints (in 1964), Tansitor Electronics (1969), among others who would all have been drawn to the country by the aggressive campaign which was promoting Barbados as “an ideal location for doing business.”
Other companies that would have been formed in this decade would have included (but not limited to):
- Carlisle Laboratories (1961)
- Oran Ltd. (1964)
- Mico Garment Factory (1965)
- Barbados Dairy Industries (1966)
- Trowel Plastics (1966)
These companies were formed against the backdrop of a stream of Barbadian-owned companies making their mark on the industrial sector serving as testimony to the favourable economic, infrastructural and legislative climate that prevailed.
By this time, the manufacturing sector had been employing some 12,000 persons and was continually growing. Companies such as Solar Dynamics, Moore Paragon, Harris Paints, etc. originated within this decade. Furthermore, the policies developed under the theory of “Industrialisation by Invitation” helped in creating a favorable legislative environment for many foreign-owned manufacturing companies such as TRW, Corcom, Playtex International, Standard Memories, among others, to come and set up operations within Barbados.