Patil Group reps for visit on proposed investment

A delegation from the Ajeenkya D Y Patil Group is expected in the country in three weeks’ time to firm up its investment proposal for agriculture operations here.

This was confirmed by Minister of Agriculture Dr. Leslie Ramsammy, who told Stabroek News that the Indian company is continuing to work on an investment proposal with the Ministry of Finance, which will cover the terms of the agreement, including where, how much and in what areas the company will invest. This has not been finalised as yet, the minister said. Ramsammy noted that the company has staff here doing surveys and other groundwork under the Memorandum of Understanding (MOU) signed several years ago.

Last month, General Manager of the Group Dilip Kawad said that the MOU signed with the Government of Guyana is for the cultivation of over 50,000 hectares of land and is in