Willingness to Establish Broiler Economy Voiced

AZERBAIJAN - The Azerbaijani National Fund for Entrepreneurship Support (NFES) of the Economic Development Ministry has received 12 proposals in the course of tender to set up poultry meat production, broiler farms, or their reconstruction through the introduction of modern technologies, NFES Executive Director Shirzad Abdullayev said.
calendar icon 18 June 2010
clock icon 3 minute read

"Proposals were received from the five economic regions, including the Absheron region- 6 investment proposals, the Aran region - 3 investment proposals and one - the Ganja-Gazakh, Gorno- Shirvan and Sheki-Zagatala regions," Mr Abdullayev said.

He said the total value of 12 investment proposals is 40 million manat, of which 26 million manat accounted for favorable loans from the fund.

"The fund will conduct initial monitoring and held meetings with entrepreneurs, as in addition to the financial factor in the implantation of the project, human resources are also important. This project will enable Azerbaijan to quickly switch to self- providing with poultry meat," he added.

The selected projects will be financed both by the enterprises own funds and favorable loans from the National Fund, according to Trend.

The Azerbaijan Investment Company or its subsidiary also may participate in financing an investment project on the basis of relevant agreement.

The tender results will be announced on 2 July at the Ministry's Economic Reforms Research Center.

The investment competition was announced under the State Programme on reliable food supply in 2008-2015.

Investment projects should meet the following parameters: investment project should envisage manufacturing chicken and establishing broiler economies, meeting the advanced standards and applying the modern technologies; territory selected under the economy should be available for infrastructure; economy should be should be equipped advanced technologies, and has laboratory, cutting workshop, mills for forage and incubators.

An investment project should be implemented in optimal terms. As minimum 30 per cent of the cost of investment bid should be financed through the funds of business subjects and the rest through the fund.

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