International investors show interest in investing Guyana’s sugar industry

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Several investors across the world have come forward to invest in the Guyana Sugar Corporation (GuySuCo)’s plans to develop the country’s sugar industry. GuySuCo plans to reopen the Enmore, Rose Hall and Skeldon sugar estates.

Sasenarine Singh, Chief Executive Officer (CEO) of the GuySuCo has signalled to join hands with the foreign entities to revive the sugar sector of the country. Nine foreign companies and one local company are interested in investing.

“The process is at initial stage and we will soon veil out the plans with all the necessities including the confidentiality. The investors are interested in a sugar refinery, ethanol production and agro-energy production including a distillery and sugar packaging,” he further added.

Recently, Indian High Commissioner to Guyana, His Excellency Dr KJ Srinivasa, said that at least three Indian companies have already expressed interest in entering into a joint venture with the Guyana Government, and more companies are likely to come on board.

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