The Georgetown Chamber of Commerce and Industry (GCCI) and the Federation of Indian Chambers of Commerce and Industry (FICCI) signed a Memorandum of Understanding (MOU) on January 12, 2023, fostering cooperation and understanding to promote bilateral trade and investment as well as business relations between India and Guyana.

The MOU was signed by Dr. Rosh Khan, Councillor of the GCCI, acting on behalf of the Council of the Chamber, at the Oberoi Hotel on the sidelines of the business forum held by Invest India. Dr. Khan is currently in India forming part of a delegation led by His Excellency, Dr. Mohamed Irfaan Ali, who is conducting an official visit to India. The delegation comprises government officials and other members of Guyana’s private sector.

Under the MOU, interested companies in both countries will be able to develop and diversify their commercial exchanges and economic cooperation. Also stipulated in the MOU is that all parties involved will identify opportunities to promote trade and economic alliance.

In the anticipated collaboration, information and publications from both countries will be exchanged regularly regarding foreign trade, production, and export (for both countries). The parties will discuss the possibilities of cooperation regarding the products and services of both organizations, as well as the organization of fairs/exhibitions and the exchange of commercial, industrial and other trade sector delegations in India and Guyana.

The Federation of Indian Chambers of Commerce & Industry is a non-governmental trade association and advocacy group based in India and the voice of India’s business industry. The signing of this MOU builds on the existing bilateral commercial relation which exists between Guyana and India. The GCCI will continue to act as a catalyst for private sector growth and enhanced trade relations for Guyana.

Signatories: Dr. Rosh Khan, Councillor, GCCI and Mr. Manish Singhal, Deputy Secretary, FICCI

Also present were: Mr. Imran Khan; Head of the Latin & Caribbean Division, Dr. Peter R. Ramsaroop; Chief Investment Officer and CEO, Go-Invest, Mr. Brian Edward; Head of the Agriculture Committee, GCCI and Mr. Paul Cheong; Chairman, Private Sector Commission.