ArmInfo. A meeting with representatives of the light industry was held under the chairmanship of Edgar Zakaryan, Deputy Minister of Economy of the Republic of Armenia.
Participants discussed issues of concern to manufacturers and the challenges facing the industry. Participants were presented with recently adopted state support programs, which provide for subsidized interest rates on loans for imported raw materials for the textile industry and compensation for the costs of obtaining textile certificates.
Special attention was paid to state support for the participation of local manufacturers in international exhibitions, aimed at opening new markets and creating new opportunities for expanding cooperation.
Edgar Zakaryan confirmed the Ministry's commitment to continuing close cooperation with industry representatives, contributing to increasing production potential, addressing issues raised, and stimulating exports.
It is worth noting that, according to the Statistical Committee of the Republic of Armenia, textile production in Armenia in January-July 2025 amounted to 3.3 billion drams, a 13.2% increase compared to the same period last year. Clothing production decreased by 4.4% to 22.8 billion drams, while leather and related products decreased by 23.9% to 1.8 billion drams.
As a reminder, in May of this year, the Ministry of Economy proposed the creation of a Textile Industry Operator Fund, which would be tasked with acting as the industry's operator. This will facilitate the balanced development of the industry, specifically the coordinated and targeted development of the sector. The operator can coordinate private and public initiatives in the textile industry, promoting the targeted use of resources and the elimination of repetitive work.
This will help identify and promote potential. The operator can conduct large-scale mapping of the sector.
It will also serve as a link between the public and private sectors. Specifically, the operator can act as an intermediary between the public sector, private manufacturers, educational institutions, investors, designers and other fashion professionals, and local and international partners. The relevant legal act was developed in accordance with the Government of the Republic of Armenia's February 2, 2023, Decree "On Approval of the Textile Industry Development Program in Armenia and the Resulting Action Plan for 2023-2026." The document outlines three key areas for 2023-2026: developing human capital and capabilities; enhancing production capacity; and stimulating exports. As a result of the strategy's implementation, production volumes are expected to increase by 1.8 times, and exports are expected to reach $500 million.
