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Special Purpose Unit and appeal for private investors for sugar

Special Purpose Unit and appeal for private investors for sugar

Dear Editor,

It is interesting to observe the proclamation in Stabroek News of September 28, 2020, by the Government of its interest in partnering with private investors in the exercise of reviving the flailing sugar industry.

Curiously there appears to be over the past several weeks a glaring oversight of the role of the Special Purpose Unit (SPU) – appointed by the previous administration and charged to achieve the same objective. The exercise was said to have involved the Unit in a substantial bank loan.

What can be attested to is the meeting at Enmore Estate to which the SPU invited GuySuCo’s Managers and representatives of GAWU and NAACIE at which, amongst other things, it announced that as many as seventy (70) prospective investors had expressed interests in the possibilities of development of some kind.

It would now appear appropriate for the SPU to respond to this Government’s published interest in renewal of activity related to the sugar industry.

It is time therefore for the Executive Management of the industry to invite the SPU to the table of productive discussion.

Yours faithfully,

E.B. John

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