GUATEMALA CITY (TIP): Compostable packaging industry pioneer Yash Pakka Limited has embarked on a significant venture by establishing its largest overseas plant in Guatemala, Central America. This milestone has been marked by the signing of a Memorandum of Understanding (MoU) between Yash Pakka Limited and major sugar companies in Guatemala to procure bagasse, the primary raw material used in its products. Anticipated to commence operations by mid-2025, the US $250 Million plant will have a daily production capacity of 400 tons, focusing on flexible packaging and molded fiber products.
In recognition of this momentous occasion, the Government of Guatemala organized an official ceremony at the National Palace on May 23, 2023, to honor Yash Pakka. The event was attended by President Alejandro Giammattei, Minister of Economy Janio Rosales, and the Indian Ambassador to Guatemala, Dr. Manoj Kumar Mahapatra. The participation of high-ranking officials highlights the significance of Yash Pakka’s investment in Guatemala and its integration into the country’s nearshoring initiatives.

Yash Pakka’s investment has the potential to stimulate economic growth in Guatemala on various fronts. By establishing operations in the country, the company will contribute to the gross domestic product (GDP), generate tax revenue, and boost economic activity within the region. This increased economic activity can have a positive ripple effect, fostering entrepreneurship, attracting further investment, and bolstering local businesses and industries. Furthermore, Yash Pakka’s investment exemplifies the growing economic cooperation between India and Guatemala. It signifies the confidence and interest of Indian businesses in the Guatemalan market and vice versa, fostering stronger economic ties. This, in turn, can pave the way for increased bilateral trade, promoting a balanced and mutually beneficial trade relationship.
Beyond economic implications, Yash Pakka’s investment also holds the potential to facilitate cultural exchange and people-to-people connections between India and Guatemala. The success of the investment venture would also strengthen the bilateral relationship, encouraging both governments to engage in further dialogue and cooperation across various sectors, including trade, investment, and development. Overall, Yash Pakka’s investment in Guatemala signifies a significant milestone in the economic cooperation between India and Guatemala. It has the potential to generate positive economic, cultural, and diplomatic outcomes for both countries, laying the foundation for a promising and mutually beneficial partnership.