Investment in Colombia News
The Valle del Cauca ranks third among destinations for foreign investment in the country according to data recorded by the Central Bank of Colombia (2013).
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.