  Armenia plans to up engineering production volume to $80 mln by 2015 December 4, 2011 - 15:37 AMT PanARMENIAN.Net - The development of engineering in the framework of export-oriented industrial strategy will allow for USD 65-80 mln worth production volume by 2015, 40-45% export upsurge, increase of jobs to 5600, as well as creation of relevant infrastructures complete with modern laboratories, according to the head of the standing committee on Financial-Credit and Budgetary Affairs of the National Assembly. As of 2010, annual production volume in the sector of engineering totaled USD 35 mln, with USD 17 mln export volume and 4000 jobs. At Republican Party of Armenia (RPA)-organized seminar on export-oriented industrial development strategy, Gagik Minasyan pointed out Mars factory operations in free economic zone and Engineering University’s reforming into an international scientific center as prospective directions. As Enterprise Incubator Foundation director Bagrat Yengibaryan told journalists, at present, the IT sector provides 100% income in engineering through production of precision instruments for the spheres of telecom, education and aeronautics for export. On December 4, TUMO center for creative technologies is hosting a seminar on export-oriented industrial development strategy, with representatives of government structures, entrepreneurs and politicians attending.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |
