Investments, Lithuania
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Friday, 19.04.2024, 08:31
Lithuania's Rokiskis waits for decision on Indian investors' reliability
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Rokiskis District Mayor Antanas Vagonis told the paper that the Economy Ministry was slow in giving its opinion on the investors, adding that the local authority was not in a position to do so itself.
Invest Lithuania, the Economy Ministry's investment promotion agency "within its competence, provides information, assistance and support to foreign companies looking for opportunities to expand or relocate their business to Lithuania," the ministry told Verslo Zinios in response to its inquiry about the investors' reliability.
"Currently, the agency is communicating with the (Indian) investors only regarding plots of land in Lithuania, which they are still in the process of choosing," it said.
In late September that two Indian companies were planning to invest nearly 200 mln euros in metal can and textile factories in Rokiskis and create more than 1,500 new jobs in the town. The projects would be among the largest greenfield investments in Lithuania's history.
The Economy Ministry has signed letters of intent with the two Indian companies, SVP Global Ventures and Elegant Industries.
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