Smuggling, corruption, high costs, lack of government support have destroyed Guyana’s manufacturing
There are several factors that contributed to the demise of Guyana’s once thriving manufacturing sector. Smuggling is the number one killer of Guyana’s manufacturing industry; as well as the high cost of financing, poor legal service, high cost of electricity and water (in the land of many waters), untrained workers, high turnover of workers due to poor wages and immigration; business owners’ stinginess with investment in training, workers’ welfare, aesthetic packaging, new efficient machinery and equipment, and facilities maintenance. Government support for local manufacturers is negligible and discriminating; the service from local public servants and bureaucrats is like the movement of molasses unless they are bribed. Here are a few scenarios that are destructive to local manufacturing.
http://www.stabroeknews.com/2016/opinion/letters/08/22/smuggling-corruption-high-costs-lack-government-support-destroyed-guyanas-manufacturing/
Related Posts
Assam: Fake gold items weighing over 5 kg seized in Morigaon, two held
Assam Police on March 22, seized fake gold items weighing over five kilograms...
Odisha: Crackdown on fake medicine suppliers
During verification, it came to fore that VR Enterprisers had availed the stock...
Bokaro Police Seize Rs 10 Lakh Spurious Liquor Ahead of Holi
Ahead of the Holi festival, the Bokaro police launched a major crackdown on the...
Cambodia seizes 68 tonnes of fake cosmetic products
Cambodian authorities have confiscated 68 tonnes of fake cosmetic products that...


