Rondonia is a state in Brazil that is located in the northwestern parts of the country. The state shares an international border with Bolivia in the south. The state was name after Candido Rondon. The capital city of Rondonia is an important city in the state. Some of the other major cities include: Cacoal, Vilhena, Buritis, etc. Two-thirds of the state’s land area is covered with Amazon rainforest. According to the IBGE census of 2007, Rondonia had an estimate of 1,597,000 residents living in the state. More than 67% of the population lives in the urban areas of the state.
Rondonia is a major city of Brazil from the economic viewpoint. The state accounts for about 0.7% of the total Brazilian economy. The state has diverse sectors that contribute to the GDP. The industrial sector of Rondonia contributes to about 30. 6% of the GDP, the second leading contributing component is the agriculture industry; it accounts for 15.3% of GDP.
In the recent past, the cattle industry of Rondonia has emerged as one of the leading industries contributing to the economy. Rondonia is the state that has the largest count of cattle in Brazil. A large amount of cattle from Rondonia is exported to other states in the country and to some of the south-adjoining countries in South America. Thus, the cattle industry provides a very lucrative option for foreign investors to invest in. There is great investment opportunity particularly in cattle rearing. Apart from exporting live cattle, foreign investors can also rear cattle for meat or milk, and for leather.
Another leading component contributing to the economy of Rondonia is the agricultural sector. The agricultural industry in Rondonia accounts for 15.3% of the GDP. A major turnaround in the economic development of Rondonia was the opening of the BR-364 road in 1961. This road connected two major cities of Rondonia – Porto Velho, the capital city, and Cuiaba. The road has made the transportation of goods much easier.
Today, a wide range of crops is grown throughout Rondonia. The state is one of the leading producers of cocoa, coffee, rice, beans, soy and corn. Rondonia accounts for about 9% of Brazil’s coffee exports. In addition, almost 70% of the state is covered with Amazon rainforests. These forests are rich in varieties of natural resources – fruits, nuts and a variety of timber. Rondonia is one of the leading exporters of wood in Brazil. Thus, there is great investment opportunity for foreigners.
The mining industry in Rondonia also promises a great investment opportunity for foreign investors. The state is one of the leading producers of tin. The state alone accounts for 25% of the country’s tin production.
The state of Rondonia has a good granite industry. Granite constitutes about 8.7% of the state’s exports. The granite produced in Rondonia has a very peculiar characteristic – it has an illuminated background with brown spots on it. Foreign investors can also consider investing in the granite industry of Rondonia.
Apart from the industries, foreign investors can also consider investing in the tourism and real estate sectors of Rondonia. Thus, the state offers investment opportunities in varied sectors that foreign investors can invest in and gain tremendous returns.