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Guyana has great potential in agro-processing

Sep 10, 2013 News

– but is hindered by the unavailability of cheap power  

President Donald Ramotar on Wednesday stressed that Guyana has great potential in agro-processing but added that the industry is severely hindered by the unavailability of cheap energy. The President was at the time delivering the feature address at the sod turning ceremony for the Qualfon Guyana site for the call center campus.
This campus which would be built at Providence, East Bank Demerara, is expected to expand Qualfon’s capacity in Guyana and bring an estimated 6,000 new jobs over the next five years.
President Ramotar told the gathering that it was important for government to bring the Amaila Falls Hydro Power into reality. He told a story of a man who had bought a bottle of peanut punch made for Banks DIH, but was packaged in Barbados by the Pinehill group.
According to the President all the ingredients such as milk, peanuts and sugar, can be readily available in Guyana. He also stressed that with the dairy (milk) production from the Mahaicony and peanuts from the Rupununi, and even though sugar is struggling Guyana has enough to outmatch Barbados.
“So why is it that we make peanut punch in Barbados for Guyana’s market? ….it is simply because energy here is too expensive,” the President told the gathering.
The President also stressed about how important technology was for Guyana. Ramotar said that technological investments will put the country in new ratings which would definitely broaden Guyana’s economy.
“Government always wants to broaden the economy so that we are not just dependent on a single product,” Ramotar said. With this in mind the President said that is why his government continues to strive to make the country more attractive for investors.
President Ramotar added that his administration would continue to tap into critical projects in the ICT sector as well as other aspects of the economy including the energy sector, thus the importance of the Amaila Falls Hydropower project.

 

 

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