PNC not serious about attracting investors.

Granger et al try the Blacks like CaribJ and D2 but they duck when he ask for investors. D2 dollar store empire could not be replicated in Guyana and CaribJ, well he is all mouth but no action. 

Now they try the Indians who are willing and able, needless to say the pnc incompetent lot did not follow through on promises and did not even follow up with the potential investors after jubilee sport up. 

 

Diaspora investors impatient as Govt yet to create climate for business

13

1 year later

 

Diaspora investors in the United States are growing wary of waiting on Government to honour its commitments to improve the local business climate; commitments which were made nearly one year ago during the heavily promoted ‘Guyana Investment Conference’ in June 2016.

Salaudeen Nausrudeen

Despite having failed to follow through with its promises made during the one-day forum in New York City, President David Granger recently met with officials in the United Kingdom and encouraged them to invest in Guyana after regurgitating the same assurances given to the Diaspora in the United States.
In the meantime, the Project Director of last year’s investment conference, Salaudeen Nausrudeen, is extremely concerned that the Administration continues to urge the Diaspora and foreign businessmen to invest in Guyana, yet it fails continuously to create a business friendly climate.
“You came and excited them and did not call them to follow up. The incentives, policies, strategies they promised, did not happen. Government needs to stop talking and start doing. They need to stop talking to the Diaspora and start walking with the Diaspora,” Nausrudeen said during an interview with Guyana Times on Saturday.

Losing big
Nausrudeen, a business development and marketing expert, with more than 20 years of professional experience, argued that the onus was upon the Government to follow-up with the investors who expressed interest during the conference last year.
“They were the ones who stand to benefit so they were the ones who had to follow up on each and every single investment. We were providing a platform for Guyana. We brought the investors, and they were the one to reach out and follow up,” he stated.
He further posited that Guyana is losing “big” with Government procrastinating on taking steps to implement the commitments which were made.
“It was a very rich audience; more than 250 attended the event. There was a lot of excitement and anticipation. There weren’t idle people, everyone there had a plan in their pocket and money in their hand and was willing to go to Guyana and invest,” he explained.
Nausrudeen added that in addition to failing to reconnect with interested investors, Government has not created a business climate that would attract businessmen.

Commitments
Among the top commitments made by Government Ministers during the conference are to establish clear strategies, policies and incentives for investment; implement better communication channels and integration between relevant authorities; and fostering a deeper connection with the Diaspora.
According to Nausrudeen, investors are yet to witness any progress in this regard.
“Many of the investors have never been contacted by Guyana, many are frustrated, and for many, that was their last chance to reconnect with Guyana on the business level,” he explained.
Nausrudeen said the Diaspora investors are mainly interested in investing in the agriculture sector but there are expression of interests for mining, manufacturing, tourism, energy, and technology and services.

Attitude
In light of the lack of progress, Nausrudeen said business members of the Diaspora are still willing to invest in Guyana.
However, he said one of the major concerns is Government’s attitude towards business.
“They have an issue with the Minister of Finance (Winston Jordan) talking down the Private Sector players, you don’t those things when you want to attract business,” he posited.
Jordan, during a recent Diaspora meeting in Washington, DC, criticised the local Private Sector players for not taking enough risks to stimulate economic growth.

Proposals
Coinciding with the country’s jubilee independence anniversary, the Conference was intended to promote Guyana as an investment destination for Diaspora and non-Diaspora investors.
Additionally, many investors with proposals in hand queued in long lines to meet with Ministers and officials of the Guyana Office for Investment (GO-Invest) to discuss their projects and proposals. Throughout the day, the room filled with investors and entrepreneurs were seen in energising and active networking.
Business Minister Dominic Gaskin, in delivering on the investment opportunities in Guyana, said Government is “serious in bringing business to Guyana clean, fair and transparent. Guyana can accommodate all kind investors.”
He made it clear that the abundance of natural and human resources available in Guyana reinforces the fact that the present Administration is ready to do business and to establish the right investment climate in Guyana.
Meanwhile, efforts to contact the Business Minister for a comment proved futile

Original Post

I think, any government, past or present do not know of the preparations to attract investors. It does not matter whether it is Guyanese of all races or Foreigners, investment follows a scientific method. Guyanese Politicians preferr AID rather than collecting taxes from businesses. Suh, why do anything to foster employment for the citizens. Poverty attracts International Aid, easy money to squander and syphone off.

Go-Invest have idiots. And the PPP time, they also staff the Agency with Idiots. 

I always apply for a job with them. Ofcourse I never get it. And is not a Blackman against Cooolie thing. The PPP never gave me the job either, and this was under the government of Dr. Jagan himself. He gave the job to a woman who was excellent on theoretical applications of attracting investors.

Entreperneurs doan have time for all the niceties, they want results in the shortest possible time. The government needs to know that and implement the initiatives to guide the efforts of the person with the ideas.

The PPP were too caught up with the Chinese, Russians and other foreign big wigs to care about the expat investors.  The PNC on the other hand don't know their mouth from their arse. All they know is how to collect taxes and squeeze the people for every dime. 

Drugb posted:

Granger et al try the Blacks like CaribJ and D2 but they duck when he ask for investors. D2 dollar store empire could not be replicated in Guyana and CaribJ, well he is all mouth but no action. 

Now they try the Indians who are willing and able, needless to say the pnc incompetent lot did not follow through on promises and did not even follow up with the potential investors after jubilee sport up. 

 

 I thought you said I was white!!! And you still persist in living in your mind by imagining me with a dollar store. As I said often, I would not mind owning one but it would have to be given to me because. My life's trajectory is completely different than entrepreneurialship.

I also thought you and the rest of the PPP hive insist the APNU want nothing to do with indians? And of course the black man is hapless not counting the only thing the PPP ever did for us is stuck us with 1.2 billion in loans, every industry failed, a raging drug culture fueling a massive underground economy and whose main business was laundering cash in selling used products, cheap Chinese products and seconds  and discontinued or close to use date products from  USofA.

I do not doubt the APNU is finding it difficult to raise capital and mobilize the society to productive enterprise. 23 Years of do nothing is hard to move.

Many here on GNI were bragging and boasting last year when the PNC hosted this conference for investors.  From day one, any fool could have predicted that this was a waste of taxpayers money.  This event will be recorded in history as the most stupid group of people ever to have assembled at the Harvard Club. The naivety of some abbey Guyanese people never cease to amaze me.

Bibi Haniffa posted:

Many here on GNI were bragging and boasting last year when the PNC hosted this conference for investors.  From day one, any fool could have predicted that this was a waste of taxpayers money.  This event will be recorded in history as the most stupid group of people ever to have assembled at the Harvard Club. The naivety of some abbey Guyanese people never cease to amaze me.

PNC can only bray just like their leader Jackass Granger who went to England to bray more nonsense.

All that the PNC can do is talk and talk is cheap.

Bibi Haniffa posted:

Many here on GNI were bragging and boasting last year when the PNC hosted this conference for investors.  From day one, any fool could have predicted that this was a waste of taxpayers money.  This event will be recorded in history as the most stupid group of people ever to have assembled at the Harvard Club. The naivety of some abbey Guyanese people never cease to amaze me.

Bibi,

I was out there by the Harvard Club.  I saw a dutty-foot Guyanese boy with a television camera standing outside. Nothing came out of it.  Investors have no interest in a country run by idiots.

D2 posted:

 I thought you said I was white!!! And you still persist in living in your mind by imagining me with a dollar store. As I said often, I would not mind owning one but it would have to be given to me because. My life's trajectory is completely different than entrepreneurialship.

I also thought you and the rest of the PPP hive insist the APNU want nothing to do with indians? And of course the black man is hapless not counting the only thing the PPP ever did for us is stuck us with 1.2 billion in loans, every industry failed, a raging drug culture fueling a massive underground economy and whose main business was laundering cash in selling used products, cheap Chinese products and seconds  and discontinued or close to use date products from  USofA.

I do not doubt the APNU is finding it difficult to raise capital and mobilize the society to productive enterprise. 23 Years of do nothing is hard to move.

This is still true, a black man in a white skin. You wanted to be black so bad that you left U of T and downgraded to Howard.

The only good Indian to the PNC is an Indian who they can rob. 

The PPP debt load was manageable due to the fact the it was to finance development. The current PNC debt is to finance 50% raises, sporting, back balling and fat cat salaries in SARA. 

Your PNC said they had the answers and were given a flush coffer of cash reserves. What they did with it was to fill their pockets with 50% raises and sport on jubilee. 

Squandermania was a popular word used to describe the PNC during the days of Burnham.  Is it any different today? Granger and his goverment and governing partners have already convinced us that they have nothing innovative for Guyana's economy. What they are doing is just what they did in the past. Why should people put up with a government that is taking us backward instead of forward?  We need new ideas. 

Drugb posted:

The PPP were too caught up with the Chinese, Russians and other foreign big wigs to care about the expat investors.  The PNC on the other hand don't know their mouth from their arse. All they know is how to collect taxes and squeeze the people for every dime. 

.... and jump up, wine up and gyrate on the streets in the city at every possible opportunity !

Keffer posted:
Drugb posted:

The PPP were too caught up with the Chinese, Russians and other foreign big wigs to care about the expat investors.  The PNC on the other hand don't know their mouth from their arse. All they know is how to collect taxes and squeeze the people for every dime. 

.... and jump up, wine up and gyrate on the streets in the city at every possible opportunity !

Yes that too, forgive me for my oversight.  Maybe if we can find a way to make a profit and bring in foreign exchange from their wine down skills, we could bottle it and this could be Guyana's new export. 

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