FIRESTONE INTERNATIONAL TO INVEST IN DIAMOND CUTTING IN ARMENIA
PanARMENIAN.Net
01.12.2009 15:28 GMT+04:00
/PanARMENIAN.Net/ Armenian President Serzh Sargsyan visited Nor
Hajn-based diamond processing Lori LLC on December 1.
The round was followed by working meeting with participation of the
President, Economy Minister, the company’s management and investors
from the Firestone International, diamond and jewelry manufacturing
company based in Mumbai and Surat (India).
Serzh Sargsyan familiarized the meeting participants with a concept
developed and approved by the government. "This concept will help
ensure progress not only in diamond cutting but also in fine jewelry
manufacturing industries in Armenia," he said.
According to RA Economy Minister Nerses Yeritsyan, on behalf of
the president of Armenia public and private stakeholders will work
together to bring the Indian largest diamond and jewelry company
having markets in the U.S. and Europe to Armenia.
Lori’s management presented the investment project supposed to
be carried out with the Firestone International. Several tens
million-dollar investments and hundreds of new jobs are expected
in the diamond and jewelry industry of Armenia. Nerses Yeritsyan
informed that Armenian Diaspora also revealed interest in investing
in these industries.