YEREVAN. – The Ministry of Economy of Armenia, in cooperation with the “Investment Support Center” Fund in the frames of the Trade Promotion and Quality Infrastructure Project financed by the World Bank, has launched Exporters Development Grants scheme.

The overall objective of the Exporter Development Grants Scheme is the creation of shared resource centers for SMEs (logistic centers, transportation facilities, marketing services, production hubs, etc.) to empower existing small and medium-sized companies through leveraging their growth potential to scale-up production, trading, and exporting capacity, the ministry informed Armenian News-NEWS.am.

This competition is open to every sector where high export potential exists, with priority given to agriculture, food processing, and textile.

The deadline for submitting respective applications is March 20.

More details are available here.