Armenian Government Supports Chanakh Company's Dairy Production Investment

The investment program by Chanakh Company includes capital investments of 120 million AMD and planned expenditure of 470 million AMD on raw material purchases. This initiative is expected to generate ten new jobs by the year 2028, contributing to the local economy and the dairy industry.

The decision to grant customs duty exemption is part of a broader strategy to encourage investment in Armenia's agro-industrial sectors, which are seen as critical for economic growth and development. The Armenian government has been actively working on policies that provide incentives to companies willing to invest in agriculture and related industries.

Chanakh Company's strategic investment aligns with the government's objective to boost local production capacities and reduce dependency on imports for dairy products. This development is a significant step towards enhancing the domestic dairy supply chain and ensuring better quality control in production processes.