Sevan Aqua to produce 685 tons of fish a year
25.03.2016,
15:36
The Armenian government exempted Thursday Sevan Aqua company from the payment of import duties on equipment and raw materials, as well as awarded it a 3 year VAT payment deferment after it pledged to import 1.95 billion drams worth equipment to produce 685 tons of fish products a year.
YEREVAN, March 25. /ARKA/. The Armenian government exempted Thursday Sevan Aqua company from the payment of import duties on equipment and raw materials, as well as awarded it a 3 year VAT payment deferment after it pledged to import 1.95 billion drams worth equipment to produce 685 tons of fish products a year.
According to the minister, the company plans to create 16 new jobs with average wage of 215,000 drams and earn 2.4 billion drams in the next three years.
Minasyan also said overall six companies, whose total investments are expected to make $50 million, which will enable them to create 450 new jobs were exempted from the payment of customs duties. The minister said some other companies, which promised to make 186 billion drams investments and create a total of 4,500 jobs, were given VAT payment deferment.
Sevan Aqua is one of the companies which will be producing trout in Lake Sevan. One fish farm will be established this year on the lake and in 3 years it is expected to reach the full capacity of 685 tons of fish per year.
Under a government program production of trout in the lake is to reach 50 thousand tons per year in 10 years. The total investment in the project is estimated at 66 billion drams (about $162 million.). ($1 - 480.73 drams). -0-
According to the minister, the company plans to create 16 new jobs with average wage of 215,000 drams and earn 2.4 billion drams in the next three years.
Minasyan also said overall six companies, whose total investments are expected to make $50 million, which will enable them to create 450 new jobs were exempted from the payment of customs duties. The minister said some other companies, which promised to make 186 billion drams investments and create a total of 4,500 jobs, were given VAT payment deferment.
Sevan Aqua is one of the companies which will be producing trout in Lake Sevan. One fish farm will be established this year on the lake and in 3 years it is expected to reach the full capacity of 685 tons of fish per year.
Under a government program production of trout in the lake is to reach 50 thousand tons per year in 10 years. The total investment in the project is estimated at 66 billion drams (about $162 million.). ($1 - 480.73 drams). -0-
