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Otar Danelia: Foreign Direct Investments are not Recorded in Agriculture Sector

Otar Danelia, head of the parliament’s committee for agrarian issues, noted that there is a low activity of nonresidents in terms of making investments in agriculture sector and this is one of the key factors for restricting sales of lands to foreign citizens.

“Foreign direct investments are not made in agriculture sector. Despite this factor, we have sold 45 000 hectares. We need domestic injections. Domestic injections exceed FDI inflows in agriculture sector several times”, Danelia noted, however, he has not named the foreign companies, which own agriculture lands in Georgia, but do not make investments.

“I do not want to name either country or company, because this will not be a correct step. However, I have specific and substantiated answers”, Danelia said.

Georgia is a land-poor country with only 0.24 hectare land per peasant, he added.

“We should be more cautious. The land raises the feeling of a homeland. When a person settles a land, it becomes a precious thing for him. Why do wars happen? For lands. I believe this issue absolutely clear”, Otar Danelia said.

According to Geostat, national statistics service of Georgia, in the first quarter of 2017 FDI inflows were not registered in agriculture sector, while in 2016 FDI inflows made up only 10 million USD.