With the global coconut industry now offering numerous potentially lucrative opportunities to the manufacturing and agro-processing sectors, the local company, Sterling Products Ltd is signalling its intention to utilize the sector to enhance its own expansion and diversification programmes.
In an interview with Stabroek Business earlier this week, the company’s Chief Executive Officer, Ramsay Ali disclosed that in pursuit of a major investment in the coconut industry Sterling had made an application to the Government for the acquisition of 10,000 acres of land along the Demerara River for coconut cultivation.
While the Sterling Chief Executive provided no details of the envisaged scale of the venture he told Stabroek Business that he believed that government was “looking favourably” at the company’s application and that he was optimistic that this latest diversification initiative on the company’s part would realise success.
