Minister of Finance Dr. Ashni Singh said that old thinking and customs in the sugar industry must give way to modern, innovative and creative tools if the dismal fortunes in the sector are to be reversed. To this end not only is Government pumping a further $1 billion into the ailing Guyana Sugar Corporation but an updated strategic plan has been drawn up.
The company is to spend $3.1 billion in 2013 to advance implementation of critical recapitalisation aspects, the Minister said during the budget presentation on Monday.
This year, the industry is projected to produce some 240,000 tonnes of sugar,
