Time in Yerevan: 11:07,   19 March 2024

Armenian Premier gets acquainted with new investment projects in textile production

Armenian Premier gets acquainted with new investment projects in textile production

YEREVAN, JUNE 19, ARMENPRESS. Prime Minister of Armenia Karen Karapetyan visited on June 19 the newly opened factory of children's clothing of “Alex Textile”. The Head of the Executive toured in the factory, familiarized himself with the production capacity and the upcoming programs of the company. As ‘Armenpress” was informed from the press service of the Government of Armenia, the company’s representatives informed that the entire production of children’s clothing is exported to Russia by the request of Detsky Mir shops network. 350 people are employed in the factory operating since January, 2017. “Alex textile” plans to establish 5 new factories in the upcoming 1 year creating 7.5 thousand new jobs.

Afterwards, the Premier visited “Hello” company engaged in textile production. Part of the company’s production is realized in the domestic market, the rest is exported to Georgia, Russia and Great Britain. 100 people are employed by the company. “Hello” plans to double the number of its employees during the upcoming year as a result of new investments.

The Premier highlighted the development and expansion of the textile production in Armenia and noted that there is huge potential for that. PM Karen Karapetyan discussed with the heads of the companies a range of issues concerning to the upcoming investment projects, expansion of the factories and mechanisms of government assistance.








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