YEREVAN. – Within the framework of an investment plan, Kaga Group Company plans to build a three-hectare greenhouse farm in Armenia’s Kotayk Region.   

The farm will have Dutch-production modern equipment.

On Thursday, the Government of Armenia will discuss the matter of deferring for this company, and for three years, the payment of the value added tax for the goods which the company will import to Armenia.    

The company plans to make investments in the amount of about 1.25 billion drams (approx. $3,010,910). Owing to this, it will be possible to have Dutch-production modern equipment, whereby the company plans to produce an annual amount of about 0.84-billion-drams (approx. $2,023,335) worth of produce (2014), whose majority will be exported to Russia and Georgia.