Ramotar urges bigger investment in sugar

Former President Donald Ramotar yesterday justified the now scrapped Guyana Sugar Corporation’s (GuySuCo) Strategic Plan 2013-2017 saying the plan focused on industry-wide diversification that would have eventually led to ethanol production and has urged greater investment in the sector.

In an interview with Stabroek News, the former president said under PPP/C administrations including his “we were moving towards having a distillery, to joint venture, to have more value and more revenues streams to GuySuCo so we could immunize ourselves from the international price of sugar, then eventually to have a refinery. That was the plan, they have a strategic plan that we left there and that plan shows how good it is.”

The same plan was heavily criticised by sugar experts including the main sugar unions for lacking tangible measure for