Guyana, the world’s latest province for sweet, light crude is now attracting the attention of billionaires from around the world. Making this revelation recently was Head of the Guyana Office for Investment (Go-Invest), Dr. Peter Ramsaroop. During a recent interview with the Department of Public Information (DPI), Dr. Ramsaroop spoke of the increasing interest foreign companies have in doing business here while adding that quite often, private jets are landing in Guyana with a bevy of affluent entrepreneurs who are excited to learn what the country has to offer.
Dr. Ramsaroop said, “I would say every week, there are hundreds of companies that process a conversation through our office. We have sometimes three private jets that will fly into Guyana to have discussions. You know, billionaires from around the world (are) coming into our office to discuss the future of operations in our country. And it’s exciting because a lot of them are now setting up office.”
The Go-Invest CEO added, “You saw recently, a conversation between DDL and an Israeli company. Those are being processed. That shows the interest in Guyana…”
The project in question refers to a collaboration between the LR Group of Israel and Demerara Distillers Limited. The due is planning to establish a commercially viable dairy farming operation here. The project is being designed to supply DDL’s TOPCO milk plant with fresh cows’ milk for pasteurization and packaging. Both companies are currently undertaking a feasibility study for the dairy project.
Guyana Standard understands that the study forms part of a Memorandum of Understanding (MoU) signed between the two companies. It provides for collaboration in the development of a dairy farming operation that will include the participation of local dairy farmers as well as for the implementation of strategies to increase the supply of fruits and vegetables from local farmers through the provision of support services that promote best practices in crop selection, cultivation, disease control, harvesting, packaging, and transportation to DDL’s TOPCO plant at Diamond.
It also provides for jointly pursuing other commercially viable projects in Guyana and the rest of the Caribbean Community (CARICOM) that fit into the development priorities of member states and the region’s efforts to reduce its food import bill and ensure food security.
DDL was keen to point out that it is pleased about the partnership since Israel is considered a global leader in the agriculture sector, including dairy farming.
Along with his satisfaction about the foregoing arrangement, Dr. Ramsaroop was pleased to speak about other projects such as the corn and soya bean project that was undertaken by local businessmen and one South American partner which has taken off to support to government’s vision of economic diversification to keep the dreaded Dutch disease at bay.
Overall, the Go-Invest CEO alluded that the discovery of oil has been a game-changing moment in Guyana’s history as it provides a larger platform to promote investment in other sectors.
