BALRAM Seeram, director of Balram Seeram Construction and Consultation Services, has become the latest local businessman to take advantage of the wide-ranging investment opportunities available by pumping $70 million into the construction of a steel welding and metal fabrication facility.
According to the company’s project summary, the project will see the construction of a 1500-square feet workshop and office facility at lot 128 Railway Line, Good Hope, East Coast Demerara (ECD), Region Four, for industrial use.
It will facilitate steel welding and metal fabrication; welding of tanks; prefabrication; and installation of pre-fabricated parts. The plant is expected to provide employment for a minimum of 18 persons, and will take approximately six months to complete.
According to the project summary, a major point of concern is the environmental impact of the project and so several measures to guard against any eventualities will be implemented.
The area is free from any eco-sensitive zones/areas. No threat on bio-diversity is envisaged due to the project; there is also no forested land in the vicinity of the site and no ecologically important habitats observed.
SPACE FOR LOCAL INVESTORS
In a recent statement, President, Dr. Mohamed Irfaan Ali, reiterated that he and his government are keen on promoting Guyana as the investment destination. Locally, too, the President has been encouraging the private sector to get involved and expand their business.
“We have a responsibility as Guyanese to promote the development of Guyana. I am not asking anyone to promote the development of a government or political party. We have responsibilities as patriots, as Guyanese, to positively position our country for every opportunity.
“We have the chance to do so. We have Guyanese sacrificing and making life- changing investments to create jobs, to create better communities, but yet, some in the society would seek to even be critical of that,” the President had iterated at the sod-turning of a new mall in Leonora, West Coast Demerara.
Dr. Ali had noted that the major transformative projects earmarked for the region will lead to the opening up of new lands; the creation of new industries; the expansion of agriculture and the creation of industrial estates which will ultimately lead to the creation of thousands of jobs.
He had acknowledged that in order for Guyanese to move aggressively on these opportunities in the quickest possible time, government must provide the enabling environment.
Meanwhile, speaking during a recent interview on Globespan, Chief Executive Officer (CEO) of the Guyana Office for Investment (Go-Invest), Dr. Peter Ramsaroop, said that even as the economy continues to grow, the government is committed to having Guyanese benefit from the investment opportunities that are available locally.