Oireachtas Joint and Select Committees

Wednesday, 27 September 2023

Joint Oireachtas Committee on Agriculture, Food and the Marine

Development of the Sheep Sector: Discussion (Resumed)

Mr. Mark Christal:

We have two roles. One is to understand what is happening in the marketplace and the type of investment we think is going to be needed, including the investment in research and development. The second remit we have is that we are responsible for the food foreign direct investment, FDI mandate. That rests with Enterprise Ireland as well. That involves attracting overseas food companies to ideally invest in Ireland. It is similar to what the IDA does across other sectors but we do it for food. For example, in the recent trade mission to China, which we participated in, we had a number of meetings with a number of potential FDI clients. We also met with some Irish companies out there to understand the level of innovation that is required to exploit those markets and the level of investment they are making in terms of their capital and other equipment.