India - Guyana Business and Cultural Council

Guyana, in South America, is known for its rich biodiversity and diverse cultural heritage. It features stunning natural landscapes, including rainforests and waterfalls like Kaieteur Falls. The country is unique for its blend of Caribbean and South American influences.

Ambassador and Consul General

The Global India Business Forum team met Mrs. Ronalda Edwards-Horatio, Charg’e d'affaires a.i., High Commission of the Cooperative Republic of Guyana to the Republic of India. Global President of GIBF, Dr. Jitendra Joshi and Co-founder and Director, Deepali Gadkari explained the objectives of GIBF and the work done until now. GIBF and the Embassy agreed to work closely to boost India-Guyana bilateral relationship.

Petroleum, Gold, Rice, Aluminium Ore, and Hard Liquor

Petroleum, Valves, Cars, Large Construction Vehicles, and Delivery Trucks

About Guyana

Situated on the northeastern coast of South America, Guyana, formally known as the Cooperative Republic of Guyana, is bounded to the north and east by the Atlantic Ocean, to the south by Brazil, and to the west by Venezuela. With a landmass of about 214,970 square kilometers, it is distinguished by a varied terrain that includes dense tropical rainforests and coastal plains. There are two primary rainy seasons in the nation's tropical environment. In the past, the Dutch colonized Guyana, which then became a British colony before obtaining independence in 1966. Ethnic divides, especially between the Afro-Guyanese and Indo-Guyanese communities, have influenced its political environment and created a complex social dynamic.
Agriculture, mining, and forestry have historically been the mainstays of Guyana's economy, but the finding of substantial offshore oil reserves has fundamentally changed the country's economic outlook. 2019 saw the start of oil production, which sped up economic expansion and significantly raised GDP per capita. Guyana has potential, but it also faces obstacles like high rates of poverty, a skilled labor exodus, and environmental issues like deforestation and climate change. The government is committed to making the most of its natural resources and is working to advance sustainable development and climate resilience through the implementation of various initiatives.

Business Opportunities in Guyana

Guyana presents a multitude of auspicious economic prospects, chiefly propelled by its thriving oil and gas industry, which has drawn large international investment owing to its substantial offshore oil reserves. In order to advance energy, infrastructure, and agriculture, the government is encouraging public-private partnerships, with a particular emphasis on renewable energy initiatives like solar and hydropower. Furthermore, the agriculture industry offers prospects in aquaculture and food processing, given Guyana's objective of decreasing food imports and strengthening its position as the Caribbean's breadbasket. Infrastructure and telemedicine service improvements are also being funded in the healthcare industry. Guyana's strategic location within the Caribbean Single Market and Economy (CSME) also makes it more appealing to investors by giving companies duty-free access to regional markets.

Exports and Imports In Guyana

Overview In 2022 Guyana was the number 80 economy in the world in terms of total exports and the number 152 in total imports.

Top Exports of Guyana

The top exports of Guyana are Crude Petroleum ($15.9B), Gold ($1.36B), Rice ($429M), Aluminium Ore ($192M), and Hard Liquor ($120M), exporting mostly to Panama ($5.84B), Netherlands ($2.86B), United States of America ($2.37B), United Arab Emirates ($1.18B), and Italy ($1.18B).

Top Imports of Guyana

The top imports of Guyana are Refined Petroleum ($441M), Valves ($206M), Cars ($108M), Large Construction Vehicles ($106M), and Delivery Trucks ($81.7M), importing mostly from United States of America ($1.04B), China ($536M), Brazil ($265M), Trinidad and Tobago ($257M), and Suriname ($159M).

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