Guyana & India investment agencies partner to facilitate more business

The Guyana Office for Investment (GO- Invest) and Invest India on Thursday inked a new agreement to facilitate more investment opportunities and strengthen business cooperation between the two countries.

A Memorandum of Understanding (MoU) between the two bodies was signed at the Oberoi Hotel in New Delhi, India.

A release from the Department of Public Information (DPI) noted that the MoU was signed by GO-Invest’s Chief Invest Officer Dr. Peter Ramsaroop and Managing Director and Chief Executive Officer (CEO) of Invest India Deepak Bagla.

“The MoU is a form of mutual commitment in strengthening bilateral investment relations, facilitating foreign direct investment, and aiming at setting a framework to promote exchange of experience and relevant information,” the DPI release stated.

Further, it was noted that Dr. Ramsaroop highlighted that the two bodies already collaborated on areas of capacity building and technical assistance.

And he was quoted as saying: “With this agreement in place we look forward to strengthening our ties as we forge mutual Investment opportunities between our two nations.”

Meanwhile, Bagla related Invest India’s interest in collaborating with GO-Invest on promoting mutual Investment and sourcing opportunities between the two nations.

Guyana’s President Dr. Irfaan Ali, who was on an official visit to India, and India’s Minister of State, in the Ministry of External Affairs witnessed the signing.

Invest India is the official Investment Promotion and Facilitation Agency of the Government of India, mandated to facilitate investments in the country. It is, reportedly, the first stop for potential global investors in the country.