Local and international entrepreneurs must be prepared for the next wave of economic activities aimed at making Guyana an industrial powerhouse.
This is according to Chief Investment Officer Dr Peter Ramsaroop, who, during a recent interview with Ignite Insights, outlined plans for his office this year and examined the country’s vision for 2030 and beyond.
Dr Ramsaroop has consistently emphasised that a new economic wave will soon hit the country, particularly once the government’s promise of cheaper electricity is fulfilled, with the much-anticipated Wales Gas-to-Energy project facilitating this transformation.
“If you look at what the next wave is, as we bring energy costs down, manufacturing will expand significantly. Who would have ever thought that we might start canning corn, pineapples, and other products grown in Guyana? Who would have imagined that we could return to an industry where we extract bauxite and refine it into alumina, or transform silica sand into glass?”
These are just some of the major projects expected to come on board in the next term under the leadership of President Dr Irfaan Ali, Dr Ramsaroop said.
“And that is what we are telling the world—it is time for them to come in and look at Guyana 2030 and beyond. But to capitalise on the opportunities of Guyana 2030 and beyond, they must be here now for this new wave,” the Chief Investment Officer emphasised.
He noted that this year, the Guyana Office for Investment will be placing extra effort into making local products internationally competitive. The agency aims to assist in the development of products for international markets by improving standards and ensuring marketability.
Dr Ramsaroop asserted that there is no reason why Guyana should continue exporting raw materials while simultaneously importing finished products, such as pepper sauce, on a large scale from other nations.
