Indian companies keen to invest in Guyana’s sugar industry

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Two Indian companies have shown interest in investing in the local sugar sector in Guyana.

According to the media report, officials close to Guyana Sugar Corporation (GuySuCo) on the condition of anonymity said that the companies have vast experience of sale and management of sugar. They have succeeded in excelling their businesses in India where sugarcane is an important commercial crop.

This will help in the development of the socio-economic situation of the country. Until a few years, Guyana was generating maximum revenue from the sugar sector which is now indebted. The increased cost of production has resulted in the sugar sector turning into a loss-making business.

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