Russia to provide $2 million to Armenia through UNIDO For development of textile industry
14.02.2017,
16:06
The Russian Federation will provide $2 million to Armenia through UNIDO (United Nations Industrial Development Organization) to finance the implementation of the second phase of a program designed to boost the country’s textile industry.
YEREVAN, February 14. /ARKA/. The Russian Federation will provide $2 million to Armenia through UNIDO (United Nations Industrial Development Organization) to finance the implementation of the second phase of a program designed to boost the country’s textile industry. A corresponding agreement was signed in Yerevan today.
Anahit Simonyan, the coordinator of UNIDO programs in Armenia, said the aim of the second phase of the program is to help boost sales of products produced by Armenian textile and clothing companies, as well as to embrace the leather and footwear sectors.
"The program will contribute to the revival of the textile, garment, leather and footwear industries and will as well strengthen Armenia's position in the international market," said Simonyan.
Andrei Ivanov, an aide to the Russian ambassador in Armenia, said Armenia has relevant production facilities and rich traditions. In his words, the program will also create many new jobs and encourage female employment.
He added that the first phase of the program has helped achieve very significant results in the organization of small and medium-size textile enterprises in the country.
The pilot phase of UNIDO’s two-year program called was launched in 2014. As part of the pilot phase national and UNIDO experts trained representatives of eight participating companies, united under the single brand name "5900BC" for the development and production of a joint collection of fashionable clothes.
Besides, in collaboration with the Milan-based Fashion Institute Burgo a fashion school Atex Burgo was established in Yerevan. According to the National Statistical Service, clothing production in 2016 grew by 16.4% to 11.5 billion drams, while textile production fell by 4.8% to 466 million drams. ($ 1 - 486.84 drams). -0-
Anahit Simonyan, the coordinator of UNIDO programs in Armenia, said the aim of the second phase of the program is to help boost sales of products produced by Armenian textile and clothing companies, as well as to embrace the leather and footwear sectors.
"The program will contribute to the revival of the textile, garment, leather and footwear industries and will as well strengthen Armenia's position in the international market," said Simonyan.
Andrei Ivanov, an aide to the Russian ambassador in Armenia, said Armenia has relevant production facilities and rich traditions. In his words, the program will also create many new jobs and encourage female employment.
He added that the first phase of the program has helped achieve very significant results in the organization of small and medium-size textile enterprises in the country.
The pilot phase of UNIDO’s two-year program called was launched in 2014. As part of the pilot phase national and UNIDO experts trained representatives of eight participating companies, united under the single brand name "5900BC" for the development and production of a joint collection of fashionable clothes.
Besides, in collaboration with the Milan-based Fashion Institute Burgo a fashion school Atex Burgo was established in Yerevan. According to the National Statistical Service, clothing production in 2016 grew by 16.4% to 11.5 billion drams, while textile production fell by 4.8% to 466 million drams. ($ 1 - 486.84 drams). -0-
