Two Armenian companies pledge to invest 11 billion drams in production of innovative products

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11.08.2022, 16:22

The Armenian government decided today to place two Armenian companies -ELSA CJSC and ISTEK AR LLC - in the register of operators of the free economic zone Alliance for 5 years.

Two Armenian companies pledge to invest 11 billion drams in production of innovative products

YEREVAN, August 11. /ARKA/. The Armenian government decided today to place two Armenian companies -ELSA CJSC and ISTEK AR LLC - in the register of operators of the free economic zone Alliance for 5 years.

Armenian Minister of Economy Vahan Kerobyan said at a press briefing that one of the companies will invest about AMD 1 billion and the other about AMD 10 billion in the next 5 years.

He said the companies will be engaged in the production and export of high and innovative technologies. ELSA will produce energy-efficient electronic devices and ISTEC AR will produce optical metrology instruments. -0-

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