–will be updated regularly, Minister Bharrat says

THE Local Content Secretariat, the body responsible for overseeing and implementing Guyana’s Local Content Act, has been fully operationalised, according to Natural Resources Minister, Vickram Bharrat.
The historic Local Content Act, which was enacted in December last, paved the way for the establishment of the Local Content Secretariat, which falls under the purview of the Ministry of Natural Resources.

Among other things, the secretariat, which is located in Cowan Street, Kington, is mandated to develop and maintain a local content register of qualified Guyanese nationals and companies and recommend for approval or refusal, master and annual plans submitted.

Minister Bharrat, on Tuesday, said that the creation of those registers has commenced, and called on companies and individuals to visit the office and get registered.

He was at the time delivering remarks at a consultation on the implementation of the Local Content Law – Reporting Requirements and Obligations at Duke Lodge. The aim of the consultation was to engage contractors and subcontractors on licensing requirements under the Local Content Act.

“…We have gotten a great response and I want to encourage people to visit the office and register. The staff are there, they are willing to help, they are willing to provide any support that people need to facilitate the registration process,” Minister Bharrat said.

He said the registers will be made available to the public by the first week of June and will be updated regularly.
“We will update them on a weekly or fortnightly basis so anyone can go online and see who are registered in terms of individuals or companies,” he said.

The Local Content Secretariat is a key component of the Local Content Legislation. It is responsible for developing and maintaining measures for the effective implementation of local content by contractors, sub-contractors and licencees.

The secretariat is required to ensure development and implementation of strategies that give preferences to, or ensure equal treatment of Guyanese nationals and companies, conduct market analysis, make recommendations to the minister, develop formats for local content plans and reporting, develop guidelines – including those for local content reporting, procurement, big evaluation, training, research and development, partnership and joint ventures, and financial and insurance services.

Additionally, the body will undertake public education and awareness campaigns and report to the minister on the performance of its functions and the general administration of the legislation. (DPI)