Italian high-fashion apparel labels such as Versace, Prada, Armani and Moschino may launch apparel production in the Armenian state of Nagorno Karabakh Republic (NKR), following a meeting with the prime minister, Mr. Arayik Harutyunyan.
The Italian companies are expected to become part of a textile industry complex in Artsakh region, for which the building of the former Gharmetakskombinat textile enterprise is being reconstructed.
The new industrial sites will be provided to the Italian companies, which have proposed setting up of production facilities in the Armenian state.
The prime minister said this is the first cooperation of NKR with famous brands and it is one of the most important projects for Artsakh in the field of light industry.
From January to July 2013, Armenia produced 1,409 million pairs of knitted garments and hosiery, showing a rise of 37.7 percent year-on-year.
Textiles sector was one of the 11 sectors identified by the Armenian Government in December 2011, as a part of its export-oriented industrial policy. Subsequently, in 2012, Italian lingerie brand La Perla invested in Armenia.