By Fabiana Mcklmon
The inaugural Guyana-India Virtual Trade and Investment Summit 2024 commenced with Foreign Secretary Robert Persaud’s opening remarks, highlighting the economic potential for both Guyana and India.
Hosted by the High Commission of Guyana in India, the summit aimed to bolster trade and investment ties between the two nations.
Persaud underscored the existing and emerging opportunities for Indian businesses in Guyana, emphasizing the potential for closer partnerships between the private sectors of both countries.
Guyana’s burgeoning oil sector has propelled it to be recognized as the world’s fastest-growing economy, while India maintains its status as the world’s fastest-growing major economy.
Dr. Peter Ramsaroop, the Executive Director of the Guyana Office for Investment, echoed Persaud’s sentiments, stressing the significance of economic relations between India and Guyana.
He emphasized the importance of connecting global sectors and fostering strong economic ties between the two nations.
The summit also featured addresses from key representatives of the private sector, including Rafeek Khan, Deputy Chairman of the Private Sector Commission; Ramsay Ali, President of the Guyana Manufacturing and Services Association; and Shaleeza Shaw, Executive of the India-Guyana Chamber of Commerce.
They identified sectors such as mining, oil and gas, energy, agriculture, and manufacturing as promising areas for business growth in Guyana.