Time for more transparency, urgency and partnerships

THE President is right that there are huge opportunities for private investors to make money. Through partnerships and government support we can jump start our own development. Partnerships can spur large agriculture ventures, including food processing and canning. Go-Invest must provide more details on the GoG projects being pursued, and what other business opportunities can be developed in support or in conjunction with them.

A project management oversight group should ensure speedier implementation, by reducing bottlenecks and delays in implementing these projects. We need to speed up business permits with the approval process starting simultaneously in various agencies where possible to cut approval time. Also, tax incentives should be generous at start up, with Guyana getting its fair share of the profits, after two or three years of production. We should have a Guyana Investment Development Fund set up for individual investors in Guyana or overseas to spur development in the areas the GoG is talking about. It is time for more transparency, urgency and partnerships.
N. AUGUSTUS

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