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|ANSA McAl pledges continued support to Guyana’s development : -- celebrates 20 years of doing business here|
|Saturday, 27 October 2012 22:02|
HAVING entered the Guyanese market in 1992 and grown reputably over the last two decades in investment, research and development, training and service, ANSA McAl Guyana remains supportive of the country’s development and excited about its potential.
This is according to Company Chairman and Chief Executive Officer, Anthony Sabga as he reported Friday evening on ANSA McAL’s performance here over the 20 years it has been doing business with this sister CARICOM nation.
The occasion was the observation of the 20th anniversary of the Trinidadian company’s presence here, and among those present at the Georgetown Club event were President Donald Ramotar and senior company officials.
ANSA McAL entered the local shores at a time when a deliberate policy decision was taken at the executive level to facilitate growth and investment in the private sector which is now integrally involved in all of Guyana’s social sectors.
The Trinidadian owned group has since expanded its warehouse footprint, created hundreds of jobs, invested significantly in professional development and is at the forefront and cutting edge of business development through improved Information Technology systems.
Sabga told the gathering about the company’s genesis, dating back to trading links established in the 1960s up to the point where the company became firmly entrenched.
“With the establishment of ANSA McAl, Guyana in 1992 and the progressive expansion of our commercial scope, ANSA McAl Guyana is even more impressive. As Guyana continues to develop, so too have our operations here,” Sabga said.
The company is currently, conducting a feasibility study for a bio-fuel project in Guyana to the value of over US$300M envisaging cultivation of a sugar cane plantation to produce a minimum 2,000,000 metric tonnes of high sucrose sugar cane per year and produce 40,000,000 gallons of ethanol and approximately 175,000 metric tonnes of raw sugar per year.
Its investments in the country’s productive sector were welcomed by President Ramotar as a “win, win” for all involved.
“Down the road it will be an advantage for companies investing in our country right now… we are welcoming investors,” President Ramotar said.
The Guyanese Head of State assured the officials that the decision to invest in Guyana was a wise one given the compelling need for regional integration.
“Guyana has a very important role to play in broadening that cooperation and building stronger links with the Caribbean and South America, being both a Caribbean and a South American country we have a special role to play,” President Ramotar said
Guyana’s “good” human capital, which the education system has been fostering over the years, was another reason President Ramotar pointed to the philosophy that a highly educated population leads to a prosperous society and the fact that Guyana’s performance in education regionally has been commendable. (GINA)
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