Azerbaijan seeks up to $5 million for sweets project
Azerbaijan tries to restore the manufacture of country’s brands in the food industry, abc.az reports.
In particular, Ganja confectionery plant (Gəncə Qənnadi OJSC) has presented project New Chinar, designed for making of a new assortment of products and sweets under traditional brand name Chinar.
Within the project the biggest confectionery factory in the Caucasus wants to upgrade equipment. This requires $4-5 million of investment, and the form of investor’s participation can be discussed. The project can be implemented for one year, and it will pay for itself within 5 years. The factory owner company already has a feasibility study of the project.