Guyana to re-emerge as the Food Capital of the Caribbean

The Guyana Manufacturing and Services Association (GMSA) urges local companies to prepare themselves for higher food production within the agriculture and agroprocessing industries collectively, as Guyana is set in motion to reemerge as the ‘Food Capital of the Caribbean.’ A high demand for local products in 2023 is anticipated at the cusp of agri-production initiatives being facilitated by the 2023 National Budget. Mr. Rafeek Khan, President of the GMSA, advises local companies to lock in every opportunity offered by the government by pursuing international markets and wider, meeting global demands. He stated, “This year I would like to encourage our businesses to go beyond, stretch themselves and see what you can do with your businesses to help build more capacity. Companies need to realise that in order to be competitive we cannot produce a small amount of products and expect results.” Forthcoming of this expectation is for businesses to focus on building inventory capacity and investor confidence, so as to avoid the dutch-disease. A number of supporting entities, GoInvest and government agencies, assisted many local companies with promotions regionally in 2022. In investment promotion and trade facilitation strategies, it is hoped that trade shows continue for the year 2023 regionally and internationally with the involvement of the GMSA which is most able-and-willing to discuss areas for business development.

Source(Newsroom)

---

20 Jan 2023 13:45 | by anaraine