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BUSES TO BE MANUFACTURED IN ARMENIA TO HAVE INDIAN ORIGIN
NEWS.AM
January 17, 2013 | 10:40
YEREVAN. - India's Ashok Leyland Company will manufacture buses in
Armenia, the Armenian Transport and Communication Ministry informs.
As Armenian News-NEWS.am informed earlier, the Armenian government
adopted a decision Wednesday to lease a capital city Yerevan production
area to MED A.KGmbH Company for 35 years and for manufacturing
buses. In accordance with the business plan it submitted, the
leaseholder will have to manufacture buses, by investing Armenian
drams equivalent to $7 million, over the course of seven years. But
the name of this company is not known too much.
According to the ministry, the aforesaid Indian company will
manufacture the buses in Armenia. As for MED A.KGmbH, this is probably
the Indian company's representation in Germany.
The Indian company will import the equipment and spare parts of the
manufacturing plant, and the buses will be assembled in Armenia. Up
to 200 modern buses are planned to be manufactured in the first year
of operations.
The buses to be manufactured in Armenia will be much cheaper than those
that that are still being imported into the country. The construction
of the plant will start in the first quarter of this year.
NEWS.AM
January 17, 2013 | 10:40
YEREVAN. - India's Ashok Leyland Company will manufacture buses in
Armenia, the Armenian Transport and Communication Ministry informs.
As Armenian News-NEWS.am informed earlier, the Armenian government
adopted a decision Wednesday to lease a capital city Yerevan production
area to MED A.KGmbH Company for 35 years and for manufacturing
buses. In accordance with the business plan it submitted, the
leaseholder will have to manufacture buses, by investing Armenian
drams equivalent to $7 million, over the course of seven years. But
the name of this company is not known too much.
According to the ministry, the aforesaid Indian company will
manufacture the buses in Armenia. As for MED A.KGmbH, this is probably
the Indian company's representation in Germany.
The Indian company will import the equipment and spare parts of the
manufacturing plant, and the buses will be assembled in Armenia. Up
to 200 modern buses are planned to be manufactured in the first year
of operations.
The buses to be manufactured in Armenia will be much cheaper than those
that that are still being imported into the country. The construction
of the plant will start in the first quarter of this year.