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Tigran Sargsyan Deems Military Industry Sphere Developments To Guara

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  • Tigran Sargsyan Deems Military Industry Sphere Developments To Guara

    TIGRAN SARGSYAN DEEMS MILITARY INDUSTRY SPHERE DEVELOPMENTS TO GUARANTEE SERIOUS IMPETUS FOR ECONOMIC DEVELOPMENT

    ARMENPRESS
    APRIL 12, 2012
    YEREVAN

    YEREVAN, APRIL 12, ARMENPRESS. Government of the Republic of Armenia
    approved the program of military industry sphere reforms and events
    stemming from development concept.

    On April 12 Cabinet sitting Prime Minister Tigran Sargsyan attached
    great importance to the decision." This may have great potential for
    development of our economy. The implementation of these projects will
    create serious grounds for the development of military industry.

    Generally, we are stepping efforts to find the righteous path for the
    development of Armenian military industry; necessary funds have been
    allocated for this purpose," Prime Minister stated.

    Defense Minister Seyran Ohanyan said the project is aimed at
    establishment of legal, economic, social, scientific and technical
    personnel in the military industry field. " The approval of the
    project will contribute military industry of the Republic of Armenia
    " Ohanyan noted.

    The decision will enable Armenian Armed Forces provide with sufficient
    number of modern arms and military equipment.

    In this context the Government of the Republic of Armenia will prolong
    the license validity period with "Electron" company for five years.

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