Italian company IDS is ready to invest 10 million EUR for research laboratory opening in Armenia

ARMINFO News Agency, Armenia
July 14, 2017 Friday
Italian company IDS is ready to invest 10 million EUR for research
laboratory opening in Armenia
Yerevan July 14
Alina Hovhannisyan. The Italian multinational company IDS together
with the "Technology and Science Dynamics" within five years is ready
to invest 10 million EUR for the creation of a research laboratory
(NRL) in Armenia. Vahan Shakaryan, the founder of the company
"Technology and Science Dynamics", told during a press conference on
July 14.
According to him, the work in the laboratory will be aimed at
researching technologies in the domain of forensic (computer forensics
- Ed.). "Initially, specialists will conduct research in the field of
forensic, as this segment is dynamically growing today and has a high
potential for development," he stressed. According to him, at the
start, the NRL will develop in the territory of the R & D center of
TSD. In particular, he noted that the first meeting of the
Armenian-Italian intergovernmental commission, which took place in
June this year, helped to establish cooperation in Rome.
For his part, Vice President of IDS Alberico Parente noted that the
company's representatives have been investigating the Armenian market
for several months already. In this regard, he stressed: "A good
technological basis has been formed in Armenia. And in general, the
state plays an important role in the region in terms of technological
development. "
Earlier on February 24, the government of the Republic of Armenia and
the company Technology and Science Dynamics signed a memorandum of
understanding "On stimulating the information technologies,
informatization, promotion of innovative and telecommunication
sectors", whose goal is to raise the investment rating of the Armenian
IT industry. According to the document, representatives of the ICT
sector will be opened in the embassies of 15 countries.
To note, according to the estimations of the Ministry of Economic
Development and Investments, the IT sector of the economy in the
result of 2016 provided about 6% of Armenia's GDP. At the same time,
as the executive director of the Union of IT Enterprises (UITE) of
Armenia Karen Vardanyan stated in an interview with the ArmInfo
correspondent, the IT sphere of Armenia can annually provide 45-50%
growth, noting that in recent years the average IT sector provides a
20-25% annual growth with a turnover of $ 500 million.