Large investments in agri sector are a step closer to Guyana becoming region's main food supplier

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Guyana News Agency | 28 July 2010

Photo: Mykenlara-Guyana

GEORGETOWN, Guyana (GINA) -- The government’s determination to make Guyana the main food supplier in the region through its Grow More campaign is being rewarded as investment in this sector continues to increase at a rapid pace.

Over the past two years, the number of investment projects in this sector has more than doubled.

Head of the Guyana Office for Investment (Go-Invest) Geoff Da Silva in an interview with the Government Information Agency (GINA) said that in 2008 the agency worked with 67 projects in agriculture, a figure which increased to 152 in 2009.

This year Go-Invest projects a total of 230 projects for execution in the sector. This projection, according to Da Silva, is guided by the fact that that agency has already aided 67 projects during the first quarter of 2010.

Da Silva explained that this figure excludes those projects that are not directly linked to Go-Invest as the agency “maintains tight integrity in terms of its figures and reports.”

The Go-Invest Head alluded to the Grow More campaign as being the propelling factor behind the expansion within the sector.

Government along with Go-Invest has been working to advance agriculture which Da Silva said was mainly a small-farmer type sector, to enable the development and support of more medium sized to larger projects.

Da Silva said that about 85 to 90 percent of the projects in agriculture are small hence there is need for larger projects in order to give the sector a more balanced profile.

Currently Go-Invest is working with several investors who have interest in large projects for soybean, livestock, cattle and rice in Pirara, Region 9.

The investment in soybean and livestock comes from among some of the largest companies in the Caribbean and would see 10,000 acres of land under cultivation in the Rupununi.

Go-Invest is also working with a European company that is based in Brazil on a special rice seed project slated for the same area while another well established Guyanese company in alliance with some Brazilian investors is starting a project in that area to grow rice for export to Brazil.

These three projects amount to approximately 70,000 acres of land.
Original source: GNA
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