As government forges ahead with its plan to revive the sugar estates across the country, $2 billion has is to be allocated to the Guyana Sugar Corporation (GuySuCo) this year to undertake critical capital works, Finance Minister Dr Ashni Singh announced yesterday when he presented the proposed 2021 budget to the National Assembly.
Singh said that the corporation can now concentrate on a turnaround of the industry with the support from the PPP/C government.
He announced that the new board of directors and management team are working together to reboot the industry to make it fit for purpose for sugar and value-added opportunities, including diversification into non-traditional areas.
