EU4Business support to help SMEs in Armenian textile, apparel industry

YarnsandFibers News Bureau 2017-10-26 12:00:00 – Yerevan

Armenia’s textile and apparel industry is one of the 11 strategic export-oriented sectors yet the small and medium-sized enterprises (SMEs) in the sector operate far below capacities and their products lack competitiveness in regional and international markets.

The Armenian government considers the revival of the sector as a priority and as a means to create jobs, boost value-added trade and expand exports as there is a great potential for development.

The European Union’s EU4Business initiative helps SMEs with finance, support and training with assistance from organisations, such as the European Bank for Reconstruction and Development and the European Investment Bank.

The EU4Business Support to Small and Medium Enterprises (SMEs) Development in Armenia (SMEDA) project has invited applications from companies, experts or consortia for a sectoral study of the textile, apparel, leather, shoes, and fashion design businesses in Armenia. The study will comprise mapping, analyses and roundtables and workshops with stakeholders. The deadline for applications is November 8.

EU4Business study will help improve the business strategy and investment climate of the sector and strengthen cooperation among companies by establishing a cluster.

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