Investments doubled through Go-Invest in past year

LOCAL AND FOREIGN INVESTMENTS MADE THROUGH THE GUYANA OFFICE
FOR INVESTMENT (GO-INVEST) DOUBLED over the past year according to its Chief
Executive Officer (CEO) Dr Peter Ramsaroop.
Ramsaroop made the disclosure at a recent signing ceremony of a Memorandum of
Understanding (MoU) brokered between the Guyana Government and UMAMI Incorporated. He
said hundreds of new jobs will be added to local labour force through the fresh financial outlays.
“Our office is seeing a significant increase for the agriculture sector. For the year alone we’re in
double digits on investments in the sector. Ultimately, so far, close to 500 jobs will be created
with the agreements we’ve signed for the agriculture area,” Dr Ramsaroop said.
“The Caribbean imports close to US$8B worth of food every year, and Guyana from an
investment side, we’re seeing a lot of both foreign and local investors. What we’re most proud of
is that our local folks are stepping up to the plate, investing in agro-processing and large-scale
farming,” the Ramsaroop said.

The UMAMI multi-million-dollar agro-processing deal in Black Bush Polder, East
Berbice/Corentyne, (Region Six) will employ 60 persons, Managing Director, Mr. Chris Persaud
explained.
“As a manufacturer of high-quality, value-added food commodities, we are proud to be
exercising our patriotic duty to be a part of the rebuilding of the area. Black Bush Polder, as
many of you may know, is pretty much the heartland of our primary produce so this is also an
opportunity for integration into our existing line of products,” Persaud said.
He urged the public to take advantage of excellent transferring of technology opportunities
available under the pact.
“We also see it as an opportunity to transfer technology to the farmers so that they can
increase their capacity. The ultimate goal of the facility is to find ways and means to

enhance the shelf-life of the traditional products we have so that we can have less wastage
and spoilage,” Persaud noted.