Several int’l firms interested in Guyana – Cathy Hughes


Several international firms have expressed an interest in investing in Guyana, Minister of Telecommunications Cathy Hughes said Friday morning, telling sugar workers retrenched from the Enmore estate that when investors come they will need workers.

“We have a range of international companies that are interested in Guyana and our sugar industry. Don’t let anybody tell you there are no opportunities,” Hughes declared.

She noted that Guyana will always need sugar, pointing out, for example, that Guyana’s celebrated rum industry needs sugar.

Hughes said the investment interest, including from companies in India and Trinidad, is being managed by the Special Purpose Unit (SPU) set up under the Government’s investment arm NICIL.

She said the potential investors are working on their “numbers” and “plans” and the SPU is taking its time to ensure “the best deal for Guyana.”

Hughes said local rice magnate, Nand Persaud is also considering opportunities for investment.

The Minister said the Government does not want to “hurry” with finalising investments and later realise a better deal could have been worked out.

Hughes assured that when the investors come, Minister of Citizenship, Winston Felix will ensure they employ Guyanese and not foreign nationals.

Hughes told sugar workers that there are many opportunities available for alternative employment; she referred to a shortage of plantains for fast-food chain Pollo Tropical and to the market available for soursop and other fruits.

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