73
X 7
Review of Guyana’s recent investment strategies and big-push industrialization
In this chapter, as a foil to the green industrialization strategy, we briefly review two other recent investment strategies that have been sanctioned by different governments. The first, which is more in the nature of a proposal, is related to the sugar industry alone, while the second is related to the economy as a whole. The Sugar COI Proposal: The Commission of Inquiry into the Sugar Industry (2015) envisaged that by 2020. X There would be a Holding Company controlling the assets of subsidiaries/business units/revenue
streams, all of which will “have a mix of public and private ownership”. The subsidiaries/business units/revenue streams will focus on: X Co-generation of electricity
X Prime real estate and property
X Supply of business services
holdings (selected GUYSUCO premium real estate)
(IT, tourism and recreation, and so on) X Agricultural equipment pools, including
aircraft (for rental to farmers) X Molasses X Ethanol
X Sugar refiner (plantation “whites”
or refined sugar) X Alcohol X Special sugars
X Supply of drainage and irrigation to
communities X There will only be a “selection of commercially viable estates” supplying mainly packaged and
value-added sugars for local, regional, and “premium” export markets.
X There will be a mix of farmers and worker-managed cane cultivation, together with private
investors (both local and foreign).
