2.5 bln AMD to be invested in production of steel fittings and grinding balls
ArmInfo. The Armenian Government has exempted ASKE Group from VAT on import of goods and equipment for 3 years. The relevant decision was taken during the Government's sitting on June 16.
Armenian Minister of Economy Artsvik Minasyan said that in accordance with the investment package of the company, the investments will total 2.5 bln AMD, including 2 bln AMD for acquisition of equipment. It is envisaged to launch production of steel fittings and steel grinding balls.
A total of 32 new jobs will be created and the average salary will be nearly 180 thsd AMD in 2016, 200 thsd AMD in 2017, and 220 thsd AMD in 2018.