President Irfaan Ali has invited the private sector of India to invest in Guyana’s economy, saying that the time is right for major investments from India, given the country’s long and friendly relationship with Guyana.

The President, who is on an official visit to India, made the remarks while addressing officials of the Indian Government and business community today. He said Guyana looks to India for leadership on several critical issues and is also looking for closer collaboration.

“I assure you that the economic activity, growth and potential of Guyana is open to the entire private sector of India to participate fully  and to be involved in the transformation that is taking place,” President Ali said.

Touching on the country’s economic prospects, the President told the gathering that the country’s economy is now in full take off mode with development. He said this transformation stage of the country’s development could be enhanced with the support from countries like India.

“Our intention is to position Guyana, to be among the leaders in the world in terms of energy security, climate security, food security, fresh water and a full scale human resource development that provides the best health and educational services and India is an important strategic partner in achieving all of this,” the President noted.

President Ali has thanked the government of India for its donation of COVID-19 vaccines to other small states when that country itself was battling the pandemic.

The President is in India for a week-long visit where he is schedule to meet with government officials and several private sector businesses.

He will also receive a special award from India.

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