Deal #3931

Location #1

Spatial accuracy level
Administrative region
Location
Berbice, Guyana

Target country
Guyana
Comment on location
60,000 hectares of land in Canje Basin

Land area

Intended size (in ha)
60000
Comment on land area
The company claimed "that the Government of Guyana had provided them with a 99-year lease on 60,000 hectares of land". The Ministry of Agriculture denied issuing such a lease and stated that it has only given 10,000 hectares to the company. The negotiations seem to have failed, but the group expressed its continued interest in acquiring land in Guyana (as the given information regarding the investment size and the negotiation process are very unclear and inconsistent, no size is entered under "current size under contract"). (sources: http://www.kaieteurnewsonline.com/2014/10/06/indian-company-still-interested-in-canje-basin-investment/; http://www.kaieteurnewsonline.com/2014/08/31/canje-basin-land-deal-india-company-shuts-down-website-after-govt-refutes-claims/)

Intention of investment

Intention of investment
Food crops, Livestock
Comment on intention of investment
This land would be for agricultural-related projects, which could include dairy processing; rice milling and processing; fisheries and poultry; fruit and vegetables; and sugar cane production with ethanol and power.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2013] Intended (Under negotiation)
[2014] Failed (Negotiations failed)
Comment on negotiation status
It seems as if the company and the Government of Guyana have singed an MoU, which has now expired. However, the company expressed its continued interest in acquiring land in Guyana.

Implementation status

Implementation status
[2014] Project not started

Contract #1

Duration of the agreement (in years)
99

Operating company

 

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Data source #1

Data source type
Media report
File
Date
2013-07-21

Data source #2

Data source type
Media report
File
Date
2014-10-06

Data source #3

Data source type
Media report
File
Date
2014-08-31

Data source #4

Data source type
Media report
File

Data source #5

Data source type
Media report
File

Data source #6

Data source type
Media report
File

Former land owner (not by constitution)

Former land owner
State

Detailed crop, animal and mineral information

Crops area
Fruit (unspecified), Vegetables (unspecified)
Livestock area
Poultry

Overall comment

Overall comment
This alternative has been identified by the Ajeenkya D Y Patil Group, which has exemplary experience in agriculture, as well as education, health care and sports. They have signed an MoU with the Government of Guyana for 60,000 hectares of land in the Canje Basin. The ministry of agriculture denies the agreement and states that it only extended to 10000 hectares. Deal seems to have failed but the group has announced continued interest.

May 14, 2018, 9:54 p.m.

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March 7, 2016, 10:53 p.m.

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March 3, 2015, 4:16 p.m.

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March 2, 2015, 5:41 p.m.

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July 23, 2013, 1:19 a.m.

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