Georgian PM, Indorama Corporation founder discuss existing, future cooperation
The conversation touched on the “long-term” plans of Indorama to modernise the Rustavi Azot chemical plant in Rustavi, in which the company invested $200 million. Photo via Government Administration
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The existing and future cooperation between the Georgian Government and diversified petrochemical and textile company Indorama Corporation was discussed on Saturday by Prime Minister Irakli Garibashvili and Sri Prakash Lohia, the founder and Chair of the Corporation at the meeting held in Tbilisi.
The conversation touched on the “long-term” plans of Indorama to modernise the Rustavi Azot chemical plant in Rustavi, in which the company invested $200 million, the Government Administration said.
Georgia’s favourable investment environment and opportunities of the country were also discussed at the meeting, with the PM reaffirming his Government’s readiness to cooperate with “one of the largest” chemical production companies - Indorama Corporation, which has 160 plants in 38 countries and employs more than 45,000 people.
Georgian Prime Minister Irakli Garibashvili and Chey Tae-won, the Chair of the Korean Chamber of Commerce and Industry and also, the Chair of the SK Group, on Saturday discussed cooperation in various fields and reviewed prospects of deepening future partnership.
Georgian foreign minister Ilia Darchiashvili on Monday discussed prospects for bilateral cooperation with his Indian counterpart Meenakshi Lekhi in a Tbilisi meeting, the foreign ministry said.
Indorama Corporation, a leading Asian chemical company based in Singapore, has bought the Georgian-based Rustavi Azot plant, one of the largest suppliers of mineral fertilisers and industrial chemicals in the South Caucasus region.
Michael Zdanowski, an international investment consultant on visit to Georgia, on Tuesday said the country was an “extremely comfortable” place for business due to the Government's simplified procedures for international companies.