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– Industrial sites, commercial zones being created to accommodate housing driveWith Guyana’s economy experiencing steady growth traditional industrial sites at Coldingen, Eccles, and Ruimveldt will now include others at Lethem, Berbice and sections along the East Bank Demerara corridor.Minister of Tourism, Industry and Commerce, Irfaan Ali, said that this development is part of Guyana’s strategic growth plan involving the creation of new housing areas and new economic zones. They are complemented by the establishment of commercial and industrial zones or industrial parks.These would ensure that development within these new centres is sustainable and self generating. “By this, we mean that holistic development and sustainable development must be able to meet the socio-economic needs of the population that the development is targeting,” he said. Ali said that there are key areas where industrialization, manufacturing and commercial activities are becoming more intense outside of the traditional industrial zones such as Lethem,Cheap Jerseys Wholesale, where a new industrial park is blossoming.Lethem is situated in Region Nine and borders Brazil. Within recent years, Government has been touting Lethem as the new economic hub. Only recently, Republic Bank (Guyana) Ltd opened a branch in Lethem adding to the community’s banking sector which houses a branch of Guyana Bank of Trade and Industry.According to the Minister, Lethem is an area of tremendous potential for agro-processing, manufacturing and warehousing, which are important for any border town.“This area offers an opportunity to access a larger market in terms of population in Bon Fim and Boa Vista. So there is tremendous interest in the Lethem commercial zone. The influx of commercial banks also is testimony to the fact there is great projection in terms of the economic viability of Lethem as a major economic commercial zone,” he said.He said that the second area of focus is the East Bank Demerara,http://www.soccerpro.us.com/AC-Milan-FC/, where a massive housing development is ongoing resulting in the shift in population. In light of the low and middle income extension of the Eccles Housing Scheme a light commercial zone has been created.The Minister emphasized that the intention of having the light commercial zone close to housing is to generate employment. “That could assist low and middle income families to find jobs easier and create economic spinoffs that could help those communities.”The other area on the East Bank Demerara corridor that is being considered for a commercial zone is within proximity to the Demerara Distillers Limited. Activities in that area would focus on packaging, manufacturing, fabricating and even some amount of modern warehouse storage.He said that a lot of interests have been expressed for creation of a commercial zone on the East Coast Demerara but finding appropriate lands has proven difficult.There is also an industrial site in Berbice at Belvedere. This economic zone comprises companies involved in manufacturing and packaging. They are in an advantageous position owing to the proximity to the Surinamese market. This linkage is expected to get closer with Guyana and Suriname exploring the possibility of having easier access to both countries.“This industrial zone also has tremendous potential for the development of our economy,” he added.The Minister stressed that the planned Deep Water Harbour for Berbice is not a standalone development that would also build a large commercial zone. “Create commercial and industrial opportunities.”He related,cheap jerseys from china, “One of our major challenges is the present port facility in terms of the draught. Large ships have difficulty coming in. And, you know it’s economies of scales at the end of the day business is about having competitive advantage. The larger ships that can come into your port means the less cost of transportation,Cheap Jerseys From China, less trip per load and the deep water harbour would correct it. It would create many new economic zones that would have added value to the existing industrial zone.”Government plans to establish another industrial site at Silicia City on the Soesdyke Linden Highway. This initiative is part of the development of a new town.“Silica City is designed in a way heavy emphasis would be placed on the economy. Once we can generate the right level of economic activity in Silica City it would be a pull factor in terms of getting people more motivated to that area,” he said.According to Ali,Cheap Jerseys Outlet, industrial sites are important to cover the economic transformation Guyana is experiencing,Wholesale NFL Jerseys, particularly with hydropower in the pipeline. “It is important for the creation of employment for the trickle down and distribution of wealth in new economic zones, and growth centres,” he noted.
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