Guyana will guarantee financing for India group – company website claims
- says it was given 60,000 hectares in Canje Basin
Photo : Dr Leslie Ramsammy Min. of Agriculture
AUGUST 29, 2014 | BY KNEWS– |ndian conglomerate, Ajeenkya DY Patil, says that it has been provided with a 99-year lease on 60,000 hectares of land located in Canje Basin for a mega-farm. The Government of Guyana will provide tax holidays, waive import and export duties, and provide exemption from local taxes, the company said on its website.
The Ministry of Agriculture had initially stated that it had given approximately 10,000 hectares of land in the Canje Basin to the group for “mega farming”. There have been no announcements by Government of these new arrangements.
The company said it was also able to acquire the rights to not only what is above the ground but below, a significant allowance, as it could pave the way for even mining to taking place in the concession. Continue reading