Thursday, March 30 2017 16:34
Naira Badalian

Company "Nanman", which imports jeans fabric from China, is expanding sewing industry

ArmInfo. The company "Nanman", importing jeans fabric from China, once again for 3 years delayed the payment of VAT when importing goods into the territory of Armenia. The corresponding decision was approved at a meeting of the Government on March 30.

According to the Minister of Economic Development and Investments of Armenia Suren Karayan, within the framework of the investment program for 20 million AMD the company plans to modernize and expand the sewing production. 13 million AMD will be directed to purchase equipment, 15 new jobs will be created.

As the minister reminded, "Nanman" LLC has already been granted a tax privilege for the third time, which consequently expands production.

To note, on September 15, 2016, by the decision of the government, the company was exempted from customs duty for import of jeans cotton fabrics to Armenia from China.

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