ArmInfo. "The light industries sector has a large development potential," Souren Karayan, the Minister of Economic Development and Investments of Armenia stated at the meeting with textile industry entities representatives on April 12..
According to the information shared with ArmInfo by the press office of the Ministry, Souren Karayan mentioned that the light industry sector has a great development potential and is extremely important from the point of employment expansion.
In this context, Souren Karayan offered the representatives of the sector to submit their investment projects to the Ministry to discuss the possible formats of cooperation and taking appropriate decisions. "The representatives of textile entities discussed a number of sector related issues with the Minister, particularly the items related to staff training and education, with raw materials import and others," The entity information reads.
According to the Economic Development and Investments Ministry data, in first three quarters of 2016 the light industries sector of Armenia showed essential growth - the clothes production increased for 32%, shoes and leather goods - for 26%. The dropdown is fixed only in the sector of textile production - for 6%.
