US$16M dairy project to be rolled out

- with signing of milestone agreement between TOPCO, Israeli company for the establishment of Demerara Dairies Inc.

TROPICAL Orchard Product Company Limited (TOPCO), a subsidiary of Demerara Distillers Limited (DDL) and the LR Group of Israel, on Thursday, signed an agreement that paves the way for the setting up of Demerara Dairies Inc. (DDI) in Guyana by the end of February.

The agreement also makes way for the commencement of the implementation of the US$16 million project, which will lead to the formal opening of the state-ofthe-art dairy farm at Moblissa during the last quarter of 2024.

The agreement follows on a MoU, signed in 2021, which catered for collaboration on a feasibility study which entailed land selection, market research, financial and technical analysis, and examination of protocols related to international standards for fresh milk production.

Officials from the LR Group made several visits to Guyana since signing

Tropical Orchard Product Company Limited (TOPCO), a subsidiary of Demerara Distillers Limited (DDL) and the LR Group of Israel, on Thursday, signed an agreement that paves the way for the setting up of Demerara Dairies Inc. (DDI) in Guyana by the end of February the MoU, including participation in an international food security con- ference and expo hosted last year by the Government of Guyana.

Several meetings and field visits were also TURN TO PAGE 9