Investments under Law 60/90 total more than 11 million dollars in March

Photo Agency IP

Asunción, IP Agency.- Investments under Law 60/90 reached a total of USD 11.3 million in the month of March 2024, with grains and seeds as the main items. A total of seven investment projects were approved in this period.

These data correspond to the latest report of the Vice Ministry of Industry, of the Ministry of Industry and Commerce.

Regarding the sectors to which the investments belong, the document reveals that 78% of them are concentrated in grains and seeds, with 48% of this total; while the paper, cardboard and manufactured segment concentrates 30%.

They also include food, pharmaceutical and beverage manufacturing sectors, although to a lesser extent.

First trimester

At the end of the first quarter of the year, investments reached a total of USD 96 million, and some 33 projects were approved under this incentive regime.

Of the total investments projected as of March 2024, the Vice Ministry of Industry indicates that USD 44 million are of national origin, which represents an increase of 4%, compared to the same period of the previous year.

While investments of foreign origin totaled USD 52 million, reported the Ministry of Industry and Commerce.

Likewise, 83.1% of the projected investments are concentrated in the secondary sector; Meanwhile, the primary sector has a participation of 16.5% and the tertiary sector, 0.4%.

Regarding the number of projected jobs linked to the regime, there are a total of 512 jobs in the first three months of 2024. Of this amount, 62% of the jobs belong to plastics sectors, followed by pharmaceutical products, production and grain storage.