Armenia will receive $ 2 million for revival of shoe and textile industries
26.07.2017 2300

Armenia will receive $ 2 million for revival of shoe and textile industries

The UN Industrial Development Agency Unido (United Nations Industrial Development Organization) is launching a project aimed at promoting the development of the textile and footwear industry in Armenia, for a total investment of $ 2 million, writes

Apparently, we are talking about the implementation of the next stage of the program "Improving the competitiveness of export-oriented industries of Armenia through modernization and access to sales markets", which started back in the 2014 year. The program is funded by part of the Russian fund in the UNIDO total budget.

The second phase of the project, the launch agreement of which was signed by the parties in February this year in Yerevan, is aimed at expanding the market for Armenian textile products and promoting the development of the leather and footwear industry in Armenia.

Within the framework of the project, it is planned to open an educational center, which is aimed at training local specialists and providing services to local manufacturers, including financial management and export sales support services. Unido believes that Armenian producers should be helped to get acquainted with western standards. The new center is due to open in September.

The program aimed at improving the competitiveness of export-oriented industries in Armenia is being held in close cooperation with the Ministry of Economic Development and Investment of the country. The Armenian government believes that the textile and leather and footwear industries have the greatest potential for development in the country, so their revival is considered a priority.

The United Nations Industrial Development Organization (UNIDO) is launching a project to promote the development of the textile and footwear industry in ...

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