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Horticulture To Be Developed In Armenia

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  • Horticulture To Be Developed In Armenia

    HORTICULTURE TO BE DEVELOPED IN ARMENIA

    PanARMENIAN.Net
    November 3, 2011 - 13:23 AMT

    PanARMENIAN.Net - By Armenian government's decision, Armenian Fruit
    OJSC has been formed with a purpose to develop horticulture in the
    country and export fresh fruit and nuts to foreign markets.

    As Armenian Agriculture Minister Sergo Karapetyan noted, the company
    is established as part of the program aimed at poverty reduction,
    income increase and life quality improvement in Armenian rural areas.

    In his comments, Armenian Prime Minister Tigran Sargsyan noted that
    government has great expectations with this program implementation.

    "Productivity should be boosted, new technologies should be introduced
    to help our farmers get more abundant harvest," he noted.

    Out of USD 52 million used for Armenian Fruit OJSC esyablishment,
    USD 13.5million was provided by IFAD, USD 20 million by OPEC, USD
    3.5 million by Danish government. Beneficiaries' contribution is
    estimated at USD 3 million. USD 11 million is co-financed by the
    Armenian government.

    The company will focus on seedlings import and processing, storage,
    sorting and sales of the final product, as well as provision of
    refrigerators for goods storage, logistics and export contacts.

    Program envisages creation of 700 hectares of orchards for intensive
    development.


    From: Baghdasarian
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