“Attracting investment in agro-processing is necessary from all points of view: increasing value added, replacing some imported finished products with domestic ones on the consumer market and creating new jobs”, – this was stated by the Acting Executive Director of UkraineInvest at a business forum organised by the Meat Industry Association.
Speaking on behalf of UkraineInvest, Oleksandr Melnychenko invited the Forum participants to cooperate in attracting significant investments, stressing that agro-processing is one of the priority sectors for the development of investment practice. He also highlighted the preferences and incentives offered to investors by our state through the improvement of investment legislation and the implementation of pro-European approaches in this area.
The event has become a platform for business communication and promotion of Ukraine’s investment potential, bringing together all areas of the country’s food security – grain business, pig farming, meat industry, retail and related sectors.
The meat industry is a strategic sector of the economy that creates high added value in the chain of grain production, livestock/poultry farming and processing, is a supplier of finished food products within Ukraine and to the global market, and ensures national food security, development of the Ukrainian countryside and the country’s export potential. The cost of meat products can increase by 20% to 50% as a result of processing. This includes the cost of labour, packaging, transport and compliance with health and safety regulations.
There are currently around 300 meat processing companies in Ukraine. This figure includes large industrial processing plants as well as smaller regional and local companies.
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