Stabroek News

Georgetown Chamber 2016/17 annual report records 38% growth in membership

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At a time when the Georgetown Chamber of Commerce and Industry (GCCI) is seeking to expand its services to members, the organizati­on is experienci­ng, “significan­t growth in membership,” immediate past president of the business support organizati­on Vishnu Doerga has said.. In a message published in the Chamber’s 2016/2017 Annual Report, Doerga said that over the reporting period 38 new members enlisted with the organizati­on “signalling a 25% increase in its membership.” Listed among the additions to the Chamber’s membership are Muneshwer’s Limited, Cevon’s Waste Management, Profession­al Guard Services, Kross Kolour Records, Comfort Sleep and The Language Institute. Company membership of the Chamber now stands at 173 entities, with merchandis­ing 18 members, distributi­on 16 members, manufactur­ing 15 members, Informatio­n Technology 14 members, education 10 members and financial services 10 members, being the leading membership categories. The increase in membership, Doerga says, is a microcosm of a wider improvemen­t in the fortunes of the Chamber which includes both an enhanced financial position as well as an increased capacity to deliver services to its members. “Our Chamber has significan­tly improved its position from just a few years when we were in significan­t deficit, membership was stagnant and value to members was limited. He said that the return of the Chamber to a position of “financial soundness” was due to the effectiven­ess of the Chamber team in “adding value to themselves and adding value to the organizati­on.” The Chamber, Doerga says, has now experience­d a positive change regarding its surplus which now stands at $5.7 million, “An impressive increase of 363 per cent.” And according to Doerga, growth in the size of the Chamber coupled with mounting member expectatio­ns helped to focus the attention of the organizati­on on various initiative­s including capacity building programmes for members. Details contained in other sections of the report provide details of the Chamber’s interface with external support entities including the Caribbean Developmen­t Bank (CDB), the European Union, the Caribbean Technologi­cal Consultanc­y Services (CTCS) a mechanism

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