The Government disburses $3,500 million to strengthen the production of San Juan

The Minister of Productive Development, Matías Kulfas, announced this Wednesday the disbursement of $3,500 million to strengthen the financing of production in the province of San Juan, which will be added to the $8,800 million received since the beginning of the current national administration.

“Since we took office we have allocated $8.8 billion for the productive development of San Juan and now we are going to disburse another $3.5 billion with the aim of continuing to work together,” Kulfas said during an act in the province of San Juan, which he shared with Governor Sergio Uñac.

“We are trying to consolidate the clear reactivation that is underway, which allowed us to grow more than 10 percent last year and that in January we already grew 5.4 percent,” said the head of the Productive Development portfolio, and In this sense, he said that “the effort is to sustain that growth and that it can be multiplied with more investments.”

“We have a very clear industrial and technological panorama, with job creation and with problems that are no longer knowing how we pay fortnightly, but how to get more supplies to continue manufacturing”

In a ceremony held at the San Juan Civic Center together with Governor Uñac, Kulfas recalled that “when we came to government we found ourselves in a very difficult context, with an industrial sector that was in very bad shape throughout Argentina, with great difficulties in being able to financing, difficulties in paying salaries, low consumption and serious problems in the payment chain”.

He argued that “we came from 46 of the 48 months in which the previous government was in, in which jobs had been destroyed in the industrial sector, where 162 thousand jobs had disappeared and we had 25 thousand SMEs closed and for worse 100 days later came the pandemic.”

Kulfas said that a little more than two years after the new government, “today we have an economy that is growing, that is generating employment, that has the lowest unemployment rate in the last six years, that has already removed two million Argentines from of poverty, which is improving and reducing inequality”.

He added that “today we have a very clear industrial and technological panorama, with job creation and with problems that are no longer knowing how we pay the fortnight, but how to get more supplies to continue manufacturing”, and stressed: “We believe that this is how we are going to stand up and we are going to take Argentina forward”.

Regarding the contributions announced this Wednesday, Kulfas said that “since we started the administration we have already disbursed more than 8,800 million pesos to support productive development in San Juan”, and that “today we come with $3,500 million more to continue working, promoting the growth of San Juan SMEs, promote exports, substitute imports, improve conditions of access to credit, and strengthen the local productive framework”.

“We are trying to consolidate the clear reactivation that is underway, which allowed us to grow more than 10 percent last year and that in January we already grew 5.4 percent”

The minister was accompanied by the chief of staff of the Ministry of Productive Development, Alejandro Sehtman; the Secretary of Small and Medium Enterprises and Entrepreneurs, Guillermo Merediz; the member of the board of directors of the National Institute of Industrial Technology (INTI), Natalia del Cogliano; the national director of Buy Argentine and Supplier Development Program, Julian Hecker; and the director of SME Competitiveness, Alan Plummer.

In the meeting with companies, business chambers, cooperatives and unions, Kulfas announced the expansion for an amount of $500 million of the funding line for direct loans to provincial financial entities.

Through this financing, the national government and the province announced this Wednesday the approval of the credits of the companies Caleras San Juan SA, Agrícola Presidente SA, Café América Mayorista SA, and Taranto San Juan SA

In turn, Kulfas announced funding for $1,000 million for the province, through the Bank of San Juan, to grant financing for leasing operations aimed at the acquisition of capital goods for productive investments.

In addition, Kulfas and Uñac agreed to work on the instrumentation of a line of credit with a quota of $1,000 million for micro, small and medium-sized companies in the agricultural sector that need to install drip irrigation systems and photovoltaic energy, drill wells and build reservoirs and install photovoltaic energy.

Finally, a $500 million line was announced for new nut plantations (pistachios, walnuts and almonds) for export, and another line with a total amount of $500 million for investments in new tomato and vegetable plantations, with the objective of substitute imports of these products.

On his visit to San Juanthe minister also toured, together with Governor Uñac, the Origin San Juan Medicinal Cannabis project (CAMNE) and the Olivos Ranfer olive oil factory in Sarmiento.

In addition, he visited Taranto, an auto parts manufacturer for more than 40 years that exports to the world and plans an energy transformation of its plant, and met with businessmen and businesswomen from the San Juan Industrial Union.