Georgia is traditionally an agricultural country, which has 22 micro-climates varying from cool and dry to warm and humid. These diversified micro-climates allow for a longer than normal harvesting season and a wide range of growing conditions. Soils are of volcanic origin located in the river valleys. They tend to be quite fertile and reasonably easy to cultivate.
Why Invest in Agriculture and Food Processing
Environment
Georgia’s natural resources and various micro-climatic zones are perfect for producing a wide range of grains, vegetables, fruits, etc. Rich and pesticide-free soil is ideal for organic production.
Low costs
The employees in agricultural sector receive 30%-40 % less wage than the national average. As Georgia has big amount of water resources, the access on water is easy and cheap. Other utility prices such as energy and gas is low also.
Market size
On the one hand, the investors can benefit from the rising consumption on the local market, which is on the other complemented by the Duty-free access to ~ 900 million markets under Free Trade Agreement with Turkey, Ukraine and CIS countries an DCFTA (Deep and Comprehensive Free Trade Agreement) with EU.
Incentives for processing plants
The projects of building new agricultural products processing plants can get grant from the government with a total value of up to 250 000 USD (maximum 40% of the value of project). Additionally investor can buy state owned immovable non-agricultural property for 1 GEL (symbolic price) if the investment made on processing plant is 4 times more than its market value.
References : ENTERPRISE GEORGIA