Indian financiers encouraged to invest in Guyana

“The gate is wide open for investors to build not only an oil and gas industry but also to be able to make use of Guyana’s land resources” – PM Nagamootoo

DPI, Guyana, Friday, October 19, 2018

During his recent visit to Pondicherry, India, Prime Minister Moses Nagamootoo encouraged potential Indian financiers to invest in “a country that is on the cusp of developing its oil and gas resources.”

Prime Minister Moses Nagamootoo and his wife, Sita Nagamootoo being draped at the World Tamil Economic Conference

Prime Minister Nagamootoo remarked, “the gate is wide open for investors to build not only an oil and gas industry but also to be able to make use of Guyana’s land resources.”

He stated with the right backing, Guyana can become the green state of the Caribbean and even Latin American. However, he highlighted that this “green state is awaiting capital and technology to develop.”

He said that the development of a green state will contribute to feeding world and noted that “we cannot depend on oil alone”.

“We have to pursue the agenda of developing in a very unique way, a country with eighty per cent of virgin forest into a model in the world.”

The Prime Minister and his wife were in Pondicherry, India from October 12-15, where he attended the World Tamil Economic Conference along with other World Business Leaders.

By: Anara Khan

Image: Courtesy of Office of the Prime Minister

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