Tag Archives: Ajeenkya DY Patil

Guyana will guarantee financing for India group – Ramsammy denies company claims

UPDATED:  Ramsammy denies ‘60,000 hectares’ claims by Indian group

AUGUST 30, 2014 | … says agreement inked with Ministry has expired  
Agriculture Minister, Dr. Leslie Ramsammy, has denied that his Ministry allocated more lands in the Canje Basin, or entered into any “new deals” with Indian conglomerate, Ajeenkya DY Patil. This is in stark contradiction to what the company claims on its website. The company claimed that …[Read more]
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Guyana will guarantee financing for India group – company website claims

– says it was given 60,000 hectares in Canje Basin

Leslie Ramsammy

Photo : Dr Leslie Ramsammy Min. of Agriculture

AUGUST 29, 2014 | BY —  |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

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