Ahead of the impending presentation of Guyana’s local content bill to the National Assembly, Minister of Natural Resources Vickram Bharrat on Thursday evening cautioned businesses against putting the brakes on building their capacity while urging that they form more partnerships so as to better compete in regional and international markets.
“We need to build capacity. If we don’t build capacity, the government passing the Local Content Bill is a waste of time because we will never truly realise the potential of the benefits from the oil sector. So that is the challenge to us… that we continue to build capacity. Not only human capacity… but our local businesses too must build capacity,” Bharrat last evening told a Canada/Guyana Chamber of Commerce (CGCC)-hosted ‘Cocktails and Conversations’ event, where he was the keynote speaker.