OVER 20 regional and international companies are currently partaking in GuyExpo 2014, introducing their products, exchanging ideas and negotiating new contracts and deals for further co-cooperation.
Aware of the advantages that Guyana has to offer, the exhibition has therefore become the ideal commercial hub for many investors, who are hoping to enter the Guyanese market including Solaris Technologies of Trinidad and Tobago.
Headquartered in Port-of-Spain, this company which offers environmentally friendly, sustainable energy management solutions and products aimed at encouraging businesses and households to reduce energy consumption is currently expanding its operations. The goal is to open up shop in Guyana having already done so in Barbados, Jamaica and Miami, Manager Ted Mungal said.
“We have found an ideal location (referring to GuyExpo) whereby people from all over Guyana can come and look at our products, look at our solutions and come and chat with us in terms of how we can help them to bring down their power consumption,” Mungal said.
In addition to using the forum to promote the company’s solar solution products to the people of Guyana, the company is also providing education in terms of how persons can get started in solar power consumption, thereby saving a lot of money.
But whilst the expo is providing the forum to introduce the business to the local market, Guyana’s economic growth and stability are factors drawing Solaris Technologies, Mungal said.
“We are seeing a lot of activities. We see the Chinese, we see a lot of multinational corporations, we see oil exploration, and we felt it was prudent after all these years to enter the market and enter the positive thrust the country is experiencing,” he said.
Similarly, the stability of the Guyanese economy is the factor that would have ensured the participation of Titan Resources Limited in GuyExpo 2014. The Trinidadian company provides petroleum and petroleum by-products including D2 Diesel, corrode oil and kerosene.
Managing Director, Ernesto Singh noted that, “Guyana has one way to go and that is up and the people who get their foot in Guyana now will reap the benefit soon.”
“Soon, Guyana will became a oil producing nation and with oil comes growth and development so we are trying to get our foothold in Guyana in the early stages so when the oil comes in we will be part of the development,” Singh said.
He noted that his aim is to attract the “big players” because his product is not for the masses and that already responses have been good.
Also participating for the first time in the expo is Trinidad Label Company Limited, and why, because, “we have definitely seen the potential in terms of the Guyanese economy,” General Manager, Sean Lee explained.
He further noted that “the buzz word around that in terms of the resources, things are happening over at Guyana; so we definitely want to be part of that…we know that there are a lot of customers out there and potential is huge so definitely we want to be in the market and have our feet on the ground here.”
GuyExpo-Guyana’s Premier Trade and Exposition is being held under the theme ‘Transformation: Partnering for a better Guyana,’ from October 2 to 5 at the Sophia Exhibition Centre.
In addition to the international participation from eight countries, the products of another 400 local businesses is being showcased at the site that is expected to see over 110,000 visitors over the duration of the expo. (GINA)