The FINANCIAL -- A new pork farm, Kalanda LTD, daughter company of Geo Agro, is going to
start producing pork meat and occupy a 15 percent share of the pork
market in Georgia. This is the first large-scale project in the
agriculture sector to be financed by the Partnership Fund in cooperation
with private investors. Its investment capital consisted of USD 10
A pig fertilization programme has already started and the first high quality meat will be available in December this year, with a capacity of 300 pigs per week from the very beginning. This figure will be doubled in 2014 after transitioning to the full production cycle, Partnership Fund representatives promise.
Kalanda is located in Tetritskaro, nearby Koda, and occupies 13 ha of land, consisting of 7 industrial buildings. The number of pigsthat will be slaughtered per year at the farm will be 16,000, producing 110 kg of meat in total.
The idea of building a pork farm in Georgia is to start reviving local produce in the country. Technically the farm is equipped by Big Dutchman, a German company which provides a complete line of poultry production equipment.
“This is a unique project implemented in the agriculture sector by the Partnership Fund as it is the first successful attempt of collaboration of state, banking sector and entrepreneurs,”claims IrakliKovzanadze, the Executive Director of Parnerhip Fund.
“I am glad that we are all seeing the results of the joint effort of state and private business and the banking sector. This is a very important project as its goal is to offer the Georgian market eco-friendly products. I am sure that Kalanda’s production will be deserving of customers’ attention after its appearance on the Georgian market,” said Kovzanadze.
“The Partnership Fund aims to support private investments where the state has a priority. One of the prioritized directions is the development of the agriculture sector in Georgia. Several projects are being discussed by the Fund at the moment, which we are going to finance,” he added.
The Fund finances agricultural projects by 50 percent of its capital, whose total investment volume is GEL 5 million. As for the other sectors, its investment volume is GEL 30 million.
JSC Partnership Fund (PF) was established by the Government of Georgia in August of 2011. The Government owns 100 percent of the Fund. PF’s current asset base exceeds GEL 5 billion. The capital consists of GEL 2.3 billion. PF supports the transformation of interesting ideas into commercially viable realities in several sectors, including agribusiness, energy, manufacturing and real estate.
Oversight of the PF’s management team is ensured by the supervisory board which is chaired by the Prime Minister of Georgia and provides for membership of representatives of both government and private sectors, thus bringing to the table perspectives of various stakeholders.