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Guyana seeks new investment opportunities, several agreements to be signed during Modi’s visit

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President Dr. Irfaan Ali has indicated that several discussions are ongoing with Indian officials, which will result in the signing of some Memorandums of Understanding when the Prime Minister of India, Narendra Modi, makes his historic visit to Guyana soon.

Speaking at a reception in honor of a visiting UK Trade Mission on Tuesday night at the British Residence in Bel Air Gardens, Georgetown, he pointed out how successful India has been in incubating businesses, and how Guyana will be looking to expand and explore new areas of investment.

“They are very advanced in innovation, digitization, and, of course, they are very good at incubating businesses. And that is where the success story lies: the way in which they’ve been able to incubate new businesses,” Dr. Ali told reporters.

The president further noted that Guyana has been collaborating with India on agriculture, the military, infrastructure, technical training, and scholarships.

“I am sure we will be looking to expand these and explore new areas of investment, as well as new areas through which Indian credit and expertise can be made available, especially as we build out the innovative and modern Guyana.”

At the invitation of President Ali, Modi will visit Guyana from November 19 to 21, 2024.

During his State Visit, Modi will engage in summit-level bilateral discussions with Dr. Ali and will co-chair the 2nd India-CARICOM Summit in Georgetown, Guyana, alongside Prime Minister of Grenada Dickon Mitchell and President Ali.

Modi is also scheduled to address the National Assembly of the Parliament of Guyana. He will offer a floral tribute at the Mahatma Gandhi statue at the Promenade Garden in Georgetown, which was installed in 1969 during the Mahatma Gandhi centenary celebrations.

He will also visit the Indian Arrival Monument in the Monument Garden, which commemorates the arrival of the first ship carrying Indian indentured laborers to the Caribbean. The ship arrived on the shores of what was then British Guiana in 1838.

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