Some quarters have raised concern about the rate at which this process is being done.
Supporters of diversification contend that it is critical especially in light of the decline in oil prices globally and reducing natural resources.
In a News Power Now interview this afternoon S.F.B.A. President, Daphne Barlett, said wise use of present resources will be a vital factor going forward.
Ms Bartlett also recommended that some of the existing projects and those earmarked such as the Mayaro highway, should still be pursued.
San Fernando Business Association President , Daphne Bartlett.