An Indian firm has won a $12 million contract to modernize a coastal sugar estate in northern Guyana as the country seeks to boost its sugar production.
The state-owned sugar company says the European Union will help fund the project. Guysuco says Maharashtra-based Surendra Engineering will overhaul the British colonial-era factory by late next year.
Agriculture Minister Robert Persaud said late Friday that it will produce high-grade crystal sugar slated for U.S. and European markets.
Guyana is still the Caribbean's largest sugar-producing nation even though production has slipped. The South American country churned out only 226,000 tons (205,000 metric tons) of sugar last year despite a projected 315,000 tons (290,000 metric tons).
The state-owned sugar company says the European Union will help fund the project. Guysuco says Maharashtra-based Surendra Engineering will overhaul the British colonial-era factory by late next year.
Agriculture Minister Robert Persaud said late Friday that it will produce high-grade crystal sugar slated for U.S. and European markets.
Guyana is still the Caribbean's largest sugar-producing nation even though production has slipped. The South American country churned out only 226,000 tons (205,000 metric tons) of sugar last year despite a projected 315,000 tons (290,000 metric tons).
