Grupo Bedoya, a Bolivian capital firm dedicated to areas such as the financial market, plans to expand its operations in the country, while the NeoAgro group also wants to establish a biofertilizer production plant.
Two foreign companies seeking to expand their business and operations in the country recently held meetings with the Vice Chancellor of the Republic, Adriana Mira, to follow up on these initiatives, learn about their experiences and progress, and provide the necessary support for each of them to prosper.
One of these projects is promoted by Grupo Bedoya, a Bolivian capital firm, dedicated to diverse areas, such as the financial market, agribusiness, food, education, industry, construction, and transportation, which announced its interest in expanding its operations in El Salvador. This was expressed by representatives of the Bolivian group during the meeting with the Salvadoran official.
The company started operations in El Salvador last year, through the company ESAPP S.A. de C.V., focused on financial intermediation and the development of software specialized in this type of service, motivated by the implementation of the Law for the Promotion of Innovation and Technology Manufacturing promoted by the current administration to boost this sector. The Bolivian operation in the country was achieved thanks to the support of the Salvadoran embassy in that South American nation.
From this first successful experience, the firm, which began operations with an investment of approximately $600,000, now aims to expand its business portfolio, venturing into residential projects, tourism, and digital portfolios, among others.
“We have found many opportunities and the support we have received from the Ministry of Foreign Affairs and other institutions motivates us to continue moving forward,” said the vice president of Grupo Bedoya, Fabricio Rivas.
In this regard, Vice Minister Mira reiterated the support of the Ministry of Foreign Affairs in scheduling agendas and coordinating contacts that make possible the materialization of these ideas.
“Our work does not stop and we will continue to seek opportunities to promote El Salvador worldwide,” she added.
Another of the companies that recently announced that it is seeking to establish operations in the country was the Colombian-Ecuadorian company NeoAgro, led by its general director, Richard Intriago.
This company is dedicated to the production, distribution, and commercialization of organic inputs and fertilizers; and has set its sights on our country to establish a plant with which it aims to supply the local and regional market.
The company informed us that it is interested in building a biofertilizer plant in El Salvador.
Regarding this growth of investments in Salvadoran territory, recently the presidential commissioner for Strategic Projects, Cristian Flores, commented that the Law of Innovation and Technological Manufacturing allows companies of the financial and technological sector to turn El Salvador into the headquarters of their operations and projections of new investments, such as those of the aforementioned companies.
The attraction of new businesses to the country is part of President Nayib Bukele’s bet to generate more jobs and boost investment nationwide.
Source: Diario El Salvador
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