Tue | Oct 17, 2017

Government leases more land to Red Stripe

Published:Friday | May 5, 2017 | 4:52 PM

The Government has signed a 25-year agreement for the lease of an additional 610 acres of land to Red Stripe to boost the use of local raw material in its products.

The agreement for the lease of the land at Windsor Park and Worchester in St Catherine was signed today.

It brings the total acreage of land leased to the company by the Government since 2014 to 386 acres.

The lease is in support of Red Stripe’s Project Grow initiative, which aims to increase the use of local raw material, in particular cassava, in the brewing of their products.

Agriculture Minister Karl Samuda says his ministry has also committed to a 25-year lease agreement of the Windsor Park Well to Red Stripe to ensure adequate water supply for the project.

Samuda says the initiative by Red Stripe is in keeping with the Ministry’s Import Substitution Programme.

He says it’s a win-win agreement as Red Stripe will achieve its goal of 40 per cent substitution by 2020, while the project will ensure increased production, secure market and increased profits for local farmers.

Samuda also says there will be training and employment opportunities for the unemployed and a reduction in Jamaica’s import bill.