YEREVAN. – Within the framework of the “Project to Establish an Armenian-Chinese Venture on Insulin Production,” it is planned to found a modern-technology-based insulin production in Armenia.

The main raw material for this venture will be the Jerusalem artichoke, which the local farms will grow with special technical requirements.  

An annual amount of 3,000-3,500 tons of insulin, 1,000 tons of fructose, 1,200 tons of cellulose, and 12,000 tons of biofertilizers are planned to be produced by this venture.

To assist in this project, the Government of Armenia on Thursday decided to allocate close to 3 million drams (approx. $7,200) to the Ministry of Economy, to set up a contest to attract foreign capital.

Along the lines of this project, an annual amount of 30,000 tons of Jerusalem artichoke must be grown from 3,000 hectares.