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New Govt. plugged $3.8B in GuySuCo since taking office

Jul 16, 2015 News

– seeking India financing, technical help

The new Government has plugged almost $3.8B into the Guyana Sugar Corporation (GuySuCo) since it took office in May.
It is now preparing to table a 15-year plan to the Cabinet of Ministers in September that will remedy the under-performance.
Minister Noel Holder made the disclosure recently during the Honour Roll ceremony of GuySuCo.
According to Holder, in less than 35 days, the Government of Guyana has stood fast to  its promise to transform the sugar industry and has already began to de-politicise the corporation with the first being a change in management to the Interim Management Team (IMT).
“We have established the Commission of Inquiry and very soon, the establishment of the new Board of Directors.
Additionally, we have begun to seek technical support, and possibly financing, from the Government of India to propel the industry forward,” the Minister said.
He reiterated the need for cooperation at all levels, if the issues are to be solved.
He added that the continued success of GuySuCo is dependent both on personal excellence and teamwork and as such, the Honour Roll should serve as a motivator for all employees within the industry as it demonstrates the exemplary performance that is sought after and equally rewarded.
“While we praise the employees who have made the Honours Roll, we should not overlook the contributions of each and every member of staff who have worked tirelessly at all levels of GuySuCo…it is this positive attitude and team-spirit which has propelled the industry forward.

Commission of Inquiry
Government has been working tirelessly to ensure the sustenance of the sugar industry and according to Minister Holder, all avenues will be looked at to ensure that the industry not only survives; but that workers are paid and production restored.
GuySuCo recorded a first crop target of 81,194 tonnes. While this was 5,000 tonnes under target, it reflected an eight percent increase over the 2014 production which stood at 75,000 tonnes.
“Our Government maintained that we would de-politicized the decision making process at GuySuCo and as part of this, we would appoint a competent and representative Board of Directors which is expected to be finalized shortly,” he said.
According to the Agriculture Minister, the under-performance of GuySuCo is expected to be remedied with the development of a 15-year plan. This is expected to be submitted to Cabinet in September.
Meanwhile, Chief Executive Officer (ag), Paul Bhim, echoed the call for collaboration while adding that if the corporation is to meet its target, workers need to show maturity and improve on the turnout of harvesters.
He added that while there remains a number of challenges facing the Corporation, it is however, not insurmountable.
“The industry has been through some difficult times over the years and has pulled through.
There is no reason why we cannot do the same now,” Bhim said.
Since taking office, the David Granger administration has sacked the entire board and its Chief Executive Officer, Dr. Raj Singh.
The industry’s production has fallen to two decades low and is producing sugar at double its selling price. Workers have been leaving in droves.
During the ceremony, 26 workers were honoured by GuySuCo for 2014. Among those were  Manjraka Rangasami- Skeldon Estate, Ganga Shivdyall- Albion Estate, Chris Totaram- Rose Hall Estate, Munesh Dyal- Blairmont Estate, Seechand Arjune – Enmore Estate, Romeo Laikram- LBI Estate, Otis Glasgow- Demerara Sugar Terminal, Derick Phillips- Wales Estate and Leon Seelall of Uitvlugt Estate.

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