Investment in Colombia News
With the help and management of Proexport, Hero MotoCorp began to build a motorcycle assembly plant in Villa Rica, Cauca, with an investment of US$37 million. This is the company’s first plant outside India, and from there it will concentrate its operations for Central and South America.
The Minister of Trade, Industry, and Tourism, Santiago Rojas, and the Ambassador of France in Colombia, Jean-Marc Laforet, signed an agreement on the reciprocal promotion and protection of investments (APPRI) in order to promote bilateral trade.
According to reports from the Central Bank of Colombia, the GDP figure of 6.4% registered in the first quarter of the year was much higher than the issuer’s expectations (4.8%). Likewise, the indicators for sales and for Colombians’ confidence performed well between April and June.
According to an article by the Spanish newspaper La Vanguardia, Colombia is the only Latin American economy expected to grow more in 2014 compared to the previous year. The country is well known as a source of oil and minerals with a growing manufacturing sector.