The existing challenges in the sugar industry stem from issues relating to restructuring but privatising GuySuCo is not the answer to solving the company’s woes, PPP/C MP Donald Ramotar asserts.
“I think that the problems in the industry are really a problem of restructuring. We should not mistake that to say it should be privatised, it has no future and things like that. I am convinced that it has a very, very good future,” Ramotar said on Friday during his contribution to the ongoing budget debates.
Ramotar, a member of GuySuCo’s Board, said that due to changes in the modernized world, the local industry
