Over 45 Indian companies operating in Guyana – GO-Invest CEO

More than 45 Indian businesses are operating within Guyana’s Private Sector, and more are set to come on stream shortly, according to Guyana’s Chief Investment Officer and Guyana Office for Investment (GO-Invest) Chief Executive Officer, Dr Peter Ramsaroop.
Popular among those Indian companies in Guyana are the Texila American University, Vivaanta Ayurvedic Spa & Hair Salon, New India Assurance, and Bank of Baroda.
Dr Ramsaroop made this announcement on Wednesday, during the India-Guyana Chamber of Commerce’s Cocktail Event at the Guyana Marriott Hotel, Kingston, Georgetown, which was held in the observance of its first anniversary.
According to Dr Ramsaroop, several companies from the South Asian country are eyeing direct participation in the oil and gas sector here.
This, he noted, is testament to the growing business relations between Guyana and India.

“We have over 45, I think, Indian companies in Guyana…we have one of the largest mining companies doing the crush stones in Guyana from India. It’s great to see the joint venture in the atmosphere among our companies. Our President speaks a lot about joint ventures…And I believe that this is a statement to see folks coming together to bring our two nations together. There’s a lot of good things coming in the future,” the GO-Invest CEO said.
His comments were backed by the First Secretary at the Indian High Commission, Manoj Kumar, who pointed out that Indian companies were helping Guyana with its infrastructural transformation.
These include Kalpataru Projects International Limited, Engineers India Limited Gem Granites, Rail India Technical and Economic Service Limited (RITES) Ltd, Ashoka Construction Company, and Shapoorji Paloonji and Company Limited.
Meanwhile, Foreign Affairs and International Cooperation Minister Hugh Todd underscored that the People’s Progressive Party/Civic (PPP/C) would continue to ensure that its policy and legislative frameworks align with the modern business system.
Against this backdrop, he signalled the Government’s commitment to putting all systems and structures in place to support business development between Guyana and India.
“We know that we have companies and firms out there who are working just as hard as us. The thing is we have to work together, there must be synergies between the Government and the Private Sector…we will always be there to ensure that the policy framework is conducive, suitable, and predictable, because – we, as government led by His Excellency President Ali, we have invested interest in Private Sector development,” Minister Todd said.
Meanwhile, during the cocktail reception, members of the Chamber were presented with their certificates and badges of membership by Tourism, Industry and Commerce Minister Oneidge Walrond.
Among the beneficiaries are businessmen Steven Jacobs and Kalamazad Ibrahim and Banker Shaleeza Shaw, who also holds the position of Treasurer at the Chamber.
The Chamber that was established in August 2023, to promote trade, investment and cultural ties between India and Guyana continues to play a strategic role in the development of Guyana’s economy.