Jewelry investment forum to boost manufacturing in Armenia - premier
27.10.2014,
14:29
“Armenia is a regional center of jewelry and diamond industry” investment forum opened in Yerevan on Monday.
YEREVAN, October 27. /ARKA/. “Armenia is a regional center of jewelry and diamond industry” investment forum opened in Yerevan on Monday.
Armenia’s premier Hovik Abrahamyan said at the opening the forum will provide a good chance to discuss opportunities and problems in jewelry production in Armenia.
The premier stressed diamond cutting, jewelry and watch production are a priority and respective programs are elaborated to develop this field. The programs aim at transforming Armenia into a global jewelry center.
The EEU membership will open up additional opportunities for jewelry industry to expand sales and buy raw stuff of good quality, according to the premier.
Opening of Meridian free economic zone on Saturday will also contribute to the development of jewelry production in Armenia, Abrahamyan said. Meridian is a unique platform with cluster infrastructure for jewelry and watch production and diamond cutting. Investments by the operating company total about $10 million.
The minister of economy Karen Chshmarityan expressed hopes new programs will start and new agreements will be signed as part of the forum.
The main aim of the forum is to showcase the achievements in jewelry and diamond industry, to discuss problems and further ways, to establish new links and strengthen the existing ties between Armenian and foreign companies, the minister said.
Armenia is pursuing an ‘open-door’ policy to attract foreign investments, a favorable business climate has been set and the required legislation passed for that, he said.
Free zones provide opportunities to set up production under favorable terms, the minister said urging manufacturers to take the advantage.
Among honorable guests of the conference were the president of the World Jewellery Confederation Gaetano Cavalieri, head of Russia’ Gokhran Andrey Yurin and other jewelry sector representatives.
The forum is held by the Armenian Jewellers Association and the Industrial Development Fund with assistance from the ministry of economy. –0--
Armenia’s premier Hovik Abrahamyan said at the opening the forum will provide a good chance to discuss opportunities and problems in jewelry production in Armenia.
The premier stressed diamond cutting, jewelry and watch production are a priority and respective programs are elaborated to develop this field. The programs aim at transforming Armenia into a global jewelry center.
The EEU membership will open up additional opportunities for jewelry industry to expand sales and buy raw stuff of good quality, according to the premier.
Opening of Meridian free economic zone on Saturday will also contribute to the development of jewelry production in Armenia, Abrahamyan said. Meridian is a unique platform with cluster infrastructure for jewelry and watch production and diamond cutting. Investments by the operating company total about $10 million.
The minister of economy Karen Chshmarityan expressed hopes new programs will start and new agreements will be signed as part of the forum.
The main aim of the forum is to showcase the achievements in jewelry and diamond industry, to discuss problems and further ways, to establish new links and strengthen the existing ties between Armenian and foreign companies, the minister said.
Armenia is pursuing an ‘open-door’ policy to attract foreign investments, a favorable business climate has been set and the required legislation passed for that, he said.
Free zones provide opportunities to set up production under favorable terms, the minister said urging manufacturers to take the advantage.
Among honorable guests of the conference were the president of the World Jewellery Confederation Gaetano Cavalieri, head of Russia’ Gokhran Andrey Yurin and other jewelry sector representatives.
The forum is held by the Armenian Jewellers Association and the Industrial Development Fund with assistance from the ministry of economy. –0--
