The start of operations by Lala will have a favorable impact on the conditions of production and quality of milk and stabilize the price of milk for producers.
The start of operations of a plant with capacity to process up to 300 thousand liters of milk per day will result in benefits not only for the production sector, which could sell most of the expressed milk, but also force an improvement in the regional dairy market conditions, infrastructure and production practices related to animal feed, sanitary measures, among other things.
Investments by Costa Rican companies in their neighboring country went from $2.43 million in 2010 to $67.7 million in 2013.
Installation of production facilities, maquila subcontracts or transfer of part of the production process are part of the investment models that Costa Rican businessmen are utilizing in order to minimize the negative effects of the high production costs prevalent in Costa Rica and to stay competitive at the level international.
There are 285 multinational companies operating in the region, employing more than 87,000 bilingual people.
The figure was revealed by Javier Chamorro, executive director of ProNicaragua, during the Central American Nearshore Summit 2013, which is being held in the Central American nation.
"Costa Rica and Guatemala are the two nations that have attracted the largest number of companies in the outsourcing industry, with a total of 191.
On 7th and 8th of November 150 participants from the U.S. and Latin America will gather together during the first Central American summit on outsourcing services to be held in Nicaragua.
From information published by ProNicaragua:
ProNicaragua, the official investment and export promoter of the Government of Nicaragua, will be organizing the first Central American summit on outsourcing services entitled 'Central American Nearshore Summit 2013, which will bring together 150 participants from the U.S. and Latin America in this sector.
Businessmen of Nicaragua and Costa Rica have made assurances that conflicts between governments are not affecting business and investment.
An estimated 300 Costa Ricans living in Nicaragua work in their own companies or manage companies from this or other countries. "In 2012, Costa Rica was in eighth place in the FDI in Nicaragua ranking, with $110 million, according to the Investment Promotion Agency of Nicaragua", reported Nacion.com.
For this new edition opened in Granada, Nicaragua, more than 1,600 business meetings have already been scheduled between the buyers and suppliers participating in the event.
"Conditions are ripe for this (Lac Flavors) to succeed in the sale and promotion of Nicaraguan products, the abundant quantities and skills of the attendees representing companies interested in agribusiness fills us with satisfaction and demonstrates the motivation in the food sector," said Alvaro Baltodano, Presidential Delegate for Investments.
On 25 and 26 July 150 regional suppliers to the food sector will present their products to more than 50 buyers from North America, Europe and Asia.
From a statement by the Inter-American Development Bank:
LAC Flavors 2013: a Business Conference, to be held in Granada, Nicaragua, on the 25th and 26th July 2013, is being organized by the Official Agency for Investment Promotion and Export (PRONicaragua), the Superior Council of Private Enterprise (COSEP) of Nicaragua and the Inter-American Development Bank (IDB) via the Trade and Investment Unit (TIU) of the Integration and Trade Sector (INT) and the Department of Central America (CID) Mexico, Panama and the Dominican Republic, through its Mesoamerica Project.
Managua will house the headquarters of the regional investment promotion office in early 2011.
Javier Chamorro, executive director of Nicaragua’s investments promotion agency (Pro Nicaragua), pointed that this office aims to coordinate the different regional investment promotion efforts.
Mr. Chamorro told newspaper “El Nuevo Diario”: “another purpose is to start defining technical cooperation initiatives and to develop a technical collaboration plan which will allow joint activities such as fairs.”
The government is looking for Spanish hotel groups to invest in the country, offering them almost 100% tax exemptions for 10 years.
These benefits could be extended if the company invests, in the 10 year period, at least 35% of the original sum.
Nicaragua wants to enlarge its hospitality offering, currently 7.800 at hotel rooms, to compete with its neighbors. Costa Rica, for example, has 38,000.
FTAs, a skilled workforce and the proximity to strategic markets are among the attractions for investors in Nicaragua.
In its April 2009 issue, Revista Summa will publish an exclusive interview with Javier Chamorro, Executive Director of ProNicaragua which is directed at getting to know the advances in attracting foreign direct investment and the plans that will be developed during 2009.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...