– after company was seeking to expand
Head of the Guyana Office for Investment (Go-Invest) Geoffrey Da Silva said it was government that approached the principals of New GPC to invest in the Sanata Textiles complex after the company expressed its intention to expand operations and engage in new enterprises.
A 99-year lease was granted to Queens Atlantic Invest-ment Inc (QAII) for the development of printing, dying and textile operations at the Sanata complex.
Speaking to this newspaper on Wednesday, Da Silva explained that the government went to tender for the lease of the printing and dying facilities and the land on which they were but there were no takers. He said the government knew the New GPC wanted to expand beyond its Farm, East Bank Demerara premises, since that company was willing to explore new projects that could not be done at the current location. He said the Eccles Industrial Site did not afford sufficient space for the planned expansion.
