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Armenia plans to up engineering production volume to $80 mln by 2015
December 4, 2011 - 15:37 AMT
PanARMENIAN.Net - The development of engineering in the framework of
export-oriented industrial strategy will allow for USD 65-80 mln worth
production volume by 2015, 40-45% export upsurge, increase of jobs to
5600, as well as creation of relevant infrastructures complete with
modern laboratories, according to the head of the standing committee
on Financial-Credit and Budgetary Affairs of the National Assembly.
As of 2010, annual production volume in the sector of engineering
totaled USD 35 mln, with USD 17 mln export volume and 4000 jobs.
At Republican Party of Armenia (RPA)-organized seminar on
export-oriented industrial development strategy, Gagik Minasyan
pointed out Mars factory operations in free economic zone and
Engineering University's reforming into an international scientific
center as prospective directions.
As Enterprise Incubator Foundation director Bagrat Yengibaryan told
journalists, at present, the IT sector provides 100% income in
engineering through production of precision instruments for the
spheres of telecom, education and aeronautics for export.
On December 4, TUMO center for creative technologies is hosting a
seminar on export-oriented industrial development strategy, with
representatives of government structures, entrepreneurs and
politicians attending.
December 4, 2011 - 15:37 AMT
PanARMENIAN.Net - The development of engineering in the framework of
export-oriented industrial strategy will allow for USD 65-80 mln worth
production volume by 2015, 40-45% export upsurge, increase of jobs to
5600, as well as creation of relevant infrastructures complete with
modern laboratories, according to the head of the standing committee
on Financial-Credit and Budgetary Affairs of the National Assembly.
As of 2010, annual production volume in the sector of engineering
totaled USD 35 mln, with USD 17 mln export volume and 4000 jobs.
At Republican Party of Armenia (RPA)-organized seminar on
export-oriented industrial development strategy, Gagik Minasyan
pointed out Mars factory operations in free economic zone and
Engineering University's reforming into an international scientific
center as prospective directions.
As Enterprise Incubator Foundation director Bagrat Yengibaryan told
journalists, at present, the IT sector provides 100% income in
engineering through production of precision instruments for the
spheres of telecom, education and aeronautics for export.
On December 4, TUMO center for creative technologies is hosting a
seminar on export-oriented industrial development strategy, with
representatives of government structures, entrepreneurs and
politicians attending.