Guyana government provides additional support of $1.5 billion to the sugar industry

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The Guyana Agricultural and General Workers Union (GAWU) has welcomed the government’s decision to add $1.5 billion (1 Guyanaese Dollar = 0.36 INR) to the sugar industry.

GAWU issued a press release stating that the government’s help would streamline the sugar industry. “The latest support amounting to $1.5B, aggregates to $10.5B channelled to the industry since the new Government took office some ten (10) months ago,” GAWU noted in a press release.

“The industry was facing a shortage of capital investment to revive the sector. There is a need to reduce the cost-of production and enhance the revenue of the sugar mills,” Union said.

GAWU said, “The funds will be directed to the revival of the shuttered Rose Hall, Enmore and Skeldon estates. It is expected that the Rose Hall will start operations in the second crop of 2022.”

“The union is urging the government to use all the funds made available for the sector in a proper manner so that the industry will get a boost from these funds,” Union further added.

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