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The Government of Guyana through the Guyana Office for Investment has signed a Memorandum of Understanding with Caribbean International Distributors Inc., a member of the Rudisa Group of Companies for the development of a US $35 million agro-processing facility.
The facility is expected to engage in the production and packaging of various products ranging from: milk, natural fruit juices and water to a variety of bread products such as hamburgers rolls, biscuits, cookies, croissants, bagels and donuts to supply Guyana’s local and export markets.
The facility will employ approximately 600 persons and will be a significant boost to the businesses of local fruit and dairy farmers who will be the chief suppliers of this facility, the Department of Public Information said in a release.
The agro-processing facility will be critical in building Guyana’s capacity for the large scale production of packaged fruit and dairy products and will reduce spoilage of fruits by converting them to processed products which can be sold locally or exported.
Minister of Agriculture, Zulfikar Mustapha expressed his strong support for this investment and stated: “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.”
CEO of GO-Invest, Dr. Peter Ramsaroop stated: “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.”
Mr. Maurice R. Gajadhar, CEO of Caribbean International Distributors Inc. expressed his vigor to embark on this new investment: “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.”