Value-added products less competitive since VAT changes

As Barama Company Limited (BCL) continues to scale down its operations and focus on its value-added factory, General Manager Mohindra Chand said the company was still in talks with government about solutions to make the value-added sector more viable.

Speaking to Stabroek News last week, Chand said, “We are still in discussions and nothing has been finalized. The priority right now is to get the factory operational and we are still working on that.”

He explained that at the moment, the company    has interim production arrangements in place to ensure that the factory at Land of Canaan, East Bank Demerara, continues to work.

“The full line of production is