Government establishes Armenian fruits company to boost exports
03.11.2011,
23:30
The Armenian government adopted on Thursday a decision to establish a fully government-owned Armenian Fruits company that will work to introduce modern technologies in horticulture and boost export of fruits and nuts.
YEREVAN, November 3. / ARKA /. The Armenian government adopted on Thursday a decision to establish a fully government-owned Armenian Fruits company that will work to introduce modern technologies in horticulture and boost export of fruits and nuts. Agricultural minister Sergo Karapetyan said the establishment of the company is stipulated by a program designed to create agricultural capacities.
"The main objective of the company will be to promote economic development in rural areas, reduce rural poverty and increase incomes of small producers through growing high-yielding varieties of fruits and nuts," the minister said.
Prime Minister Tigran Sargsyan said the government has great expectations from this program, hoping to see an increase in production through the use of new technology and planning.
The government has earmarked $1.7 million for this company’s authorized capital. The $52 million program to create agricultural capacities is being implemented in collaboration with International Fund for Agricultural Development (IFAD)n. It is aiming to reduce poverty in rural areas. Its main goal is to increase incomes and living standards in rural areas through the establishment of orchards.
Of the total amount $13.5 million will come from IFAD, $20 million from OPEC Fund, $3.5 million from the government of Denmark for consulting services . The share of the government is $11 million and $3 million will be contributed by communities. -0-
"The main objective of the company will be to promote economic development in rural areas, reduce rural poverty and increase incomes of small producers through growing high-yielding varieties of fruits and nuts," the minister said.
Prime Minister Tigran Sargsyan said the government has great expectations from this program, hoping to see an increase in production through the use of new technology and planning.
The government has earmarked $1.7 million for this company’s authorized capital. The $52 million program to create agricultural capacities is being implemented in collaboration with International Fund for Agricultural Development (IFAD)n. It is aiming to reduce poverty in rural areas. Its main goal is to increase incomes and living standards in rural areas through the establishment of orchards.
Of the total amount $13.5 million will come from IFAD, $20 million from OPEC Fund, $3.5 million from the government of Denmark for consulting services . The share of the government is $11 million and $3 million will be contributed by communities. -0-
