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According To Caps Study, ROA May Be Competitive in Engineering Svcs

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  • According To Caps Study, ROA May Be Competitive in Engineering Svcs

    ACCORDING TO CAPS STUDY, ARMENIA MAY BE COMPETITIVE IN SPHERE OF
    ENGINEERING SERVICES PROVISION


    YEREVAN, MARCH 27, NOYAN TAPAN. Scientists working in Armenia's
    industrial engineering sector have enough experience to be used in the
    domestic industry. Chairman of the Union of Manufacturers and
    Businessmen of Armenia Arsen Ghazarian stated this at the March 26
    seminar "Innovation Technologies in Industrial Sector of Armenia"
    organized by the Enterprise Incubator Founaftion (EIF) jointly with
    its US partner - the Civilian Research and Development Foundation
    (CRDF). According to EIF Director Bagrat Yengibarian, it is one year
    since they started implementing with CRDF a joint program on
    establishment of links between the science and industry of
    Armenia. Within the program's framework, an attempt is made to form
    tradition of holding venture and innovation conferences.

    B. Yengibarian expressed a hope that the seminar will help so that
    business proposals to be presented by "scientific group-enterprise"
    couples within the next two months will allow to hold the 2nd venture
    conference in October 2007. Cliff Barton, expert of the USAID
    Competitive Armenian Private Sector (CAPS) program assisting with
    development of Armenia's IT and tourism sectors, presented the study
    "The Opportunities of Armenian Companies's Participation in the
    Globally Extending Market of Engineering Design Services". According
    to the study, in 2004, current expenditures on engineering services
    made 750 billion dollars, in 2020, these expenditures will make 1.1
    trillion dollars. It was noted that Armenia has managed to maintain
    its powerful capacities in the fields of sceintific technical
    education, research and development. At the same time, according to
    the study, "the current success in chip design and electronic
    infrastructure sectors shows once again that Armenia can still be
    competitive in the world's engineering service provision sector."
    During the seminar, representatives of several Armenian companies
    engaged in various sectors of engineering design presented their
    experience.
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