15.4 C
September 25, 2021

India’s IBS Synergies wants to invest USD 150 M in Romanian agro-food sector

India’s IBS Synergies, an important international player in the agro-food domain, is currently in our country in order to identify investment opportunities in the sector it specializes in. During a meeting that took place at the Department for Foreign Investment, the Indian side, represented by Dr. A.S. Bindra, Chairman of IBS Synergies, and Desh Bir Singh Bhullar, the company’s project coordinator in Romania, expressed its intention to implement a greenfield investment of USD 150 M in the poultry sector. The project would have significant social impact, given the fact that it entails the creation of over 500 jobs.
The company plans to come up with an integrated investment plan that entails ensuring the whole technology chain all the way up to the final commercialization stage, including the construction of an incubator, of a fodder-processing unit and of a slaughterhouse.
During the meeting, the Indian company’s representatives emphasized Romania’s attractiveness when it comes to the development of agro-food sector investment projects, especially against the backdrop of a favourable economic evolution such as the one Romania is currently experiencing.
The Romanian side presented the country’s competitive advantages and the latest developments in the local investment climate, the stress being laid upon the positive macroeconomic results registered and the state aid schemes through which the Romanian Government supports the development of investment projects.

Related posts

MFP: Budget deficit of 6.3 billion lei, 0.77 pct of GDP in H1

Nine O' Clock

EC approves 222-million-euro Danube transnational cooperation programme

Nine O' Clock

Deloitte study: After a year of uncertainty, optimism returns to the real estate market in Central Europe