A Memorandum of Understanding (MoU) was inked on Friday by the Goverment through the Guyana Office for Investment (GO-Invest) and Caribbean International Distributors Inc, a member of the Rudisa Group of Companies.
This was for the development of an agro-processing facility to the tune of US$35 million.
There will be a plethora of jobs available to Guyanese since the facility will see some 600 persons being employed, another indication of the President, Dr Irfaan Ali fulfilling his campaign mandate of job creation in Guyana.
GO-Invest CEO Peter Ramsaroop and Caribbean International Distributors Inc CEO Maurice Gajadhar display the MoU in the presence of Agriculture Minister Zulfikar Mustapha
Agriculture Minister Zulfikar Mustapha expressed his strong support of this investment.
“These are the kinds of investments we want to see in Guyana. The Government and Private Sector are working closely to ensure that we bring agriculture to the forefront of our economy. Although Guyana is now an oil-producing nation, we must use this as an enabler for the agriculture sector which is now taking off,” he is quoted as saying.
The agro-processing facility is said to be a major step forward in the President’s vision of a sustainable economy that prioritises food security in Guyana.
The facility will see the production and packaging of various products such as milk, natural fruit juices and water, along with a variety of bread products such as hamburger rolls, biscuits, cookies, croissants, bagels and donuts to supply Guyana’s local and export market.
Additionally, the establishment of this facility is said to be a great contributor to the President’s desire of having major investments in the agriculture sector through value-added agriculture products in an attempt to boost Guyana’s capacity within the regional market and create opportunities for export.
Meanwhile, Chief Executive Officer (CEO) of GO-Invest, Peter Ramsaroop noted that “Rudisa Group of Companies has a long standing in Guyana and is embarking on a new and critical venture which will considerably contribute to the President’s vision for an agriculture-focused Guyana and which will be focal in the Government’s mission to transform Guyana into a large-scale exporter for the Caribbean and beyond.”
Additionally, CEO of Caribbean International Distributors Inc, Maurice R Gajadhar expressed his excitement to be a part of this new investment and commitment in ensuring the Guyanese population benefits through employment.
“We are excited to expand our operations and to be instrumental in Guyana’s agricultural and industrial development through the employment of 600 persons once fully operational. We want to make sure that our people benefit from this investment and are eager to add value to the agriculture industry in keeping with our President’s vision for Guyana.”
