Economy
Posted: 1 week ago

Snail Meat Processing Plant to be Built in Georgia with Italian-Georgian Investment

Italian-Georgian investment will launch a snail meat processing plant in Georgia. The relevant agreement has already been signed between the parties. The Italian side is represented by the Honorary President of the Italian Farmers' Confederation of Snails Giovanni Avagnina, who paid a working visit to Georgia on April 1-3.

During the visit, he signed an agreement with the Georgian group, which aims to build a snail meat processing plant in Georgia. The location of the new enterprise, as well as information about the investment made in it will be known later.

As a result of the document signed between the parties, the company - the Confederation of Italian Snail Farmers in the Caucasus - was established. The Georgian founders of the enterprise are: Gia Bazghadze (head of Cavea, founder of EY in Georgia), Zura Nikvashvili (Head of tax and legal EY), Grigol Sidamonidze (Head of Tax and Law at PKF KAIZEN GEORGIA), Georgian businessman Koba Buturishvili and young businessman living in America Businessman, main shareholder and director of the company Giorgi Kadagidze.

The Honorary President of the "Italian Farmers' Confederation" Giovanni Avagnina spoke about his plans in Georgia exclusively for the "Forbes Week" program.

"The potential for snail meat and mucus in the world is very high. The world market is ready to accept any amount of snail meat and mucus. The main thing is that they are made in accordance with the criteria and standards that are developed in accordance with international rules. I think that the company, which was founded in Georgia, has a great perspective. There will be no problem with the product key, one of the problems that may exist is the quality, "said Giovanni Avagnina.

Avagnina emphasizes that Georgia has great potential for successful business management due to its climatic conditions and cheap labor, and the country can become one of the world leaders in snail exports.

It is noteworthy that Giovanni Avagnina was the first to create a method of raising snails on a farm in 1973, which is known worldwide today as the Italian method. In 2004, he and Donatella Veron were also the first to create a snail mucus production machine.