Satenkar LLC more than doubles investments in production of knitwear to 586 million drams
03.10.2019,
16:31
The Armenian company Satenkar LLC has more than doubled investments in the production of knitwear to 586 million drams, Economy Minister Tigran Khachatryan said at a government meeting on Thursday.
YEREVAN, October 3. /ARKA/. The Armenian company Satenkar LLC has more than doubled investments in the production of knitwear to 586 million drams, Economy Minister Tigran Khachatryan said at a government meeting on Thursday.
The government has awarded today the company a three-year VAT payment deferment and exempted it from payment of customs duties for the import of equipment and components.
The company has been operating in the Aragatsotn region since 2002. According to the minister, in the first stage of the investment program, the company invested 286.5 million drams, and now it is investing another 300 million drams.
"As a result, the investment program more than doubles up to 586 million drams, and also allows creation 14 more new jobs," Khachatryan said. ($ 1 - 476.16 drams). --0—
The government has awarded today the company a three-year VAT payment deferment and exempted it from payment of customs duties for the import of equipment and components.
The company has been operating in the Aragatsotn region since 2002. According to the minister, in the first stage of the investment program, the company invested 286.5 million drams, and now it is investing another 300 million drams.
"As a result, the investment program more than doubles up to 586 million drams, and also allows creation 14 more new jobs," Khachatryan said. ($ 1 - 476.16 drams). --0—
