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Latvia explores investment opportunities

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Dana Maksimova

Looking at attracting investment from the India market, the Latvian Asian Chamber of Commerce (LACC), supported by the Investment & Development Agency of Latvia (LIAA), recently organised a seminar with the Indian industry stakeholders to make them aware of the various investment opportunities in Latvia in sectors like transport and logistics, healthcare, life sciences, IT, food processing, green technologies, and tourism and cultural promotions. Highlighting Latvia as a tourist destination,  Dana Maksimova, director, Travel Right, and board member, LACC, informed, “Latvia being a smaller country in comparison, witnesses around one million tourists every year but being one of the greenest countries, it offers a wide variety of natural habitat  including sea, forests, lakes, waterfalls, etc.” Elaborating on the investment opportunities in the tourism sector, Virender Bhalla, director, Integrated Business Resource Promotion (IBRP) and board member, LACC, stated, “There are a lot of investment opportunities in the hospitality sector, for instance, a lot of two to five star hotels are available for sale or lease as well as there are land opportunities available for investment in Latvia.” He also informed that Latvia offers temporary residency of five years with family for those who purchase real estate in the country. There are many incentives available for film shooting and the entertainment industry in the region.

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