ArmInfo. The Ministry of Economy of the Republic of Armenia, with the assistance of the Investment Promotion Center within the framework of the World Bank's Trade Promotion and Quality Infrastructure program, announces a tender for grants for export- oriented sectors, including agriculture, food processing and textile production.
The "Exporter Developments Grants - EDG" program is carried out with the aim of financing business projects for the creation of logistics centers, production nodes, operation of vehicles, and the provision of marketing services in Armenia. Head of the "Export Armenia" group Emil Stepanyan drew special attention to the component in terms of marketing services, which, in his opinion, is the "Achilles' heel" of the Armenian business, in particular export. , the expert said.
The total budget of EDG is $ 1.8 million. A state grant will be provided in the amount of 70% of the total cost of a specific project. In particular, it was noted that the category of expenses under the EDG program includes repair work, modernization of production processes, and the acquisition of new equipment.
Applications for participation in the tender can be submitted from February 5, 2020 until (6:00 p.m.) to March 20 this year inclusive.
More information can be found on the website of the Investment Support Center by clicking on the following link: http://smednc.am/hy/inner/864?fbclid=IwAR2XCJmOpE
