GCCI courts potential investors

Jun 13, 2010 News

… unveils Investor’s Guide to Doing Business in Guyana

The Georgetown Chamber of Commerce and Industry (GCCI) on Friday night marked another milestone in its 100-year history when it launched its very own business magazine.
The magazine titled “Guyana Business – An Investor’s Guide to Doing Business In Guyana” is to be an annual publication by the GCCI, for free distribution. The target audience is the large pool of foreign investors that pass through international airports and hotels around the world. The Chamber’s intent is to distribute the magazine as widely as possible. On Friday, the organisation called on all members to further this goal.
According to Terrence Holder, Junior Vice President of the GCCI, there were a number of collaborators on the Magazine from among the ranks of the Chamber. These included Ram & McRae, Scotiabank, the Guyana Bankers’ Association and others.
Jennifer Cipriani-Nelson, of Scotiabank said that the idea was the brainchild of Clinton Urling, head of the Trade and Investment Committee of the GCCI. She noted that Business Guyana was the first magazine of its kind locally.
Cipriani-Nelson went on to highlight the Committee’s vision that “the magazine will be sought after as a main source of information to investors, positioning Guyana as a land of vast opportunities and thereby complementing the efforts of Government to attracting investment.”
St. Lucian-based publisher of the magazine, Lokesh Singh, of Advertising and Marketing Services, is an expatriate Guyanese, who has been in the advertising business for a number of years.
His local branch has been in operation for some 10 years and their portfolio includes the popular Explore Guyana magazine along with Annual Reports and magazines for a number of major companies.
He pointed out that in the current age of internet and other technologies, the printed page still holds power in the world of business.
According to Singh, the GCCI and its Trade and Investment Committee came to him with a plethora of ideas and it became his task to make those ideas into a reality that all parties could be proud of.
The magazine which was subsequently unveiled by Cipriani-Nelson and Komal Ramnauth, President of the GCCI, will be distributed free of charge. It contains information that any potential investor would find useful for transacting business here in Guyana.
There is news about tax laws, the necessary documentation to apply for work permits for foreign nationals, investment opportunities, economic perspectives of the country and even has a section on the Low Carbon Development Strategy in the context of foreign investments.
There is also a business review for the previous year detailing major events in the country that have an impact on development.
The launch of the magazine coincided with the Annual GCCI Dinner and as is tradition at such dinners, there is usually a presentation of some area of topical interest to the members of the business community who make up the membership of the Chamber.
This year’s dinner was no different with the feature address being delivered by Mr. Jonathan Said, Senior Economist with the National Competitiveness Strategy Unit.
Said’s address focused on Competitiveness Reform in Guyana and gave a brief overview of the National Competitiveness Strategy which was created in 2006. Said then went on to give an indication of where the Strategy stood in terms of implementation.
He closed with a call for the input of the business community, pointing out critical areas where the community would be able to contribute to the continued development and implementation of the strategy.

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