–with signing of MoU between GMSA, India’s NBR Cooling Systems Pvt Ltd.

THE Guyana Manufacturing and Services Association (GMSA) and NBR Cooling Systems Pvt Ltd. (NBR), on Thursday, signed a Memorandum of Understanding (MoU) at the close of the Global Investors Summit in New Delhi, India.

President of the GMSA, Rafeek Khan, signed the MoU on behalf of the association, while Director of NBR, Aarif Hussain, signed on behalf of NBR. Also present from the GMSA were board members Rosh Khan and Shyam Nokta.

The investment summit has precipitated pronounced interest in the expansion of Indian private-sector investment in Guyana, for various industries.
According to a press release from GMSA, NBR has been a part of the radiator business for over 20 years and is a well-established manufacturer of a wide array of engine radiators, radiator cores intercooler and condenser, and engine coolant.

The company is renowned for its high quality and standards and serves several industries such as automotive, generator and boring machines.
With an aim to expand its business operations and grow from being the second largest market player in cooling systems in India, NBR selected Guyana to execute the same vision globally.

As part of the MoU, the GMSA will identify and engage Guyanese companies or form consortiums to establish a manufacturing/assembly plant in the engine cooling (automotive) sector.
The company will leverage NBR’s technological advancement, full range of high-quality raw materials and components, market resources and access to international compliance codes and practices.

During the initial stages of establishment, NBR committed to injecting an approximate sum of US$1 million.

The framework for the business will incorporate: Transfer of skills and technologies of manufacturing and assembling radiator condenser and charge air cooler from India to Guyana; manufacturing and production of radiator condenser and charge air cooler made from aluminium, copper and brass; assembling and exporting various radiator condensers and charge air coolers made from aluminium, copper and brass to all the countries in Latin America and United states of America; importing all the machinery and  raw material required for manufacturing of radiator condenser and charge air cooler made from aluminium copper and brass.

Khan remarked: “This collaboration will perhaps introduce a new industry or strengthen the automotive cooling sector in Guyana and Caribbean region. I anticipate we would see this value-added automotive component company establishing a factory this year. The company currently produces approximately 1,200 radiators per day.

Hussain added: “This MoU marks a landmark collaboration and will provide new growth avenues for NBR in South American region. Since incorporating NBR, the company has attained such remarkable progress and is now pleased to expand its international manufacturing plan in collaboration with GMSA.”