Politics 10:46 09/06/2021 Armenia

Armenia’s leaders ignored investor’s offer to build military vehicles before the war

By Harut Sassounian

Publisher, The California Courier

Armenia’s current leaders blame previous leaders whenever something goes wrong in the country. After they lost the war, they blamed it on the previous presidents. They do not take any responsibility for their own shortcomings, even though they have been in power now for three years. While the previous rulers can be blamed for many wrongdoings, the current leaders have their own share of shortcomings.

Here is the perfect example of how the current leaders completely mishandled a critical national security project that they are fully to blame. There are many more such examples.

An Armenian businessman by the name of Artak Tovmasyan had the proper connections and the brilliant idea of building state-of-the-art armored military vehicles in Armenia and donating a portion of them to the Armenian government. One would think that Armenian officials would have welcomed such a valuable proposal and would have done everything possible to facilitate this important investment opportunity which has critical national security implications. This is the incredible story of incompetent and uncaring high-ranking Armenian government officials failing to capitalize on this unique offer.

Shortly after Nikol Pashinyan came to power as Prime Minister of Armenia in 2018, Mr. Tovmasyan met with him and proposed to invest in Armenia millions of dollars along with the Canadian Streit Group, a well-known manufacturer of armored military vehicles with 30 years of experience and factories in five countries, including Canada, the United Arab Emirates, Jordan, India and Pakistan. The sixth such facility would have been in Armenia. The total amount of the investment may have reached $20 million which would have included other military-related investors. The project would have also created hundreds of jobs.

Prime Minister Pashinyan expressed interest in the project in 2018 and told his aides to follow up. Regrettably, due to the incompetence and carelessness of Pashinyan’s cadre of officials, three years later, no progress has been made on this vital project, despite Mr. Tovmasyan’s several follow up meetings with the Prime Minister. These armored military vehicles would have been very useful during last year’s war with Azerbaijan, saving the lives of countless Armenian soldiers. Unfortunately, Armenian officials have remained unresponsive to this project, both before, during, and after the war.

Mr. Tovmasyan’s proposal consisted of offering to build gradually around 1,300 armored military vehicles over the next 10 years and donating 130 of them to the Armenian armed forces at no charge. With each vehicle worth $450,000 or more, the total value of the donated vehicles would have been over $60 million.

In return, Mr. Tovmasyan asked that the government of Armenia contribute the necessary land to set up this manufacturing venture on a free industrial zone. Coincidentally, he was made aware of a vacant piece of unused land on the outskirts of Yerevan belonging to the Ministry of Defense. If the project did not materialize, the investor would have been obligated to return the donated land back to the Armenian government.

I am in possession of over a dozen letters sent by Mr. Tovmasyan’s company, First Industrial Zone, to Armenian officials during the past three years, seeking approval for his proposed project. However, despite repeated requests for an answer, the Armenian government did not respond to Mr. Tovmasyan.

The Armenian government referred Mr. Tovmasyan’s proposal to the Interagency Committee which was tasked to review the project. The Interagency Committee included representatives from the Ministries of Economy, Finance, High Tech Industry, Territorial Administration and Infrastructure, Justice, State Revenue Committee, Urban Development Committee, Chamber of Commerce and Industry, and Union of Manufacturers and Entrepreneurs of Armenia. Surprisingly, the Interagency Committee did not include anyone from the Ministry of Defense to properly evaluate a military project. The Interagency Committee’s guidelines require that it review and refer to the government within 20 working days any submitted proposal. However, this deadline passed long ago, despite several reminders.

The most astounding part of this story is the unexpected Facebook post on March 6, 2021, by the recently-appointed Minister of Economy, Vahan Kerobyan, who had studied mathematics, but is clueless about economics.

Minister Kerobyan arrogantly wrote: “In reality, I am the one who stopped this industrial zone project because it ridiculously despises the interests of the citizens of the Republic of Armenia.” Minister Kerobyan was in no position to stop this project for two reasons: 1) As a recently-appointed Minister, he was not even around when this project was presented to the Prime Minister and subsequently referred to the Interagency Committee. 2) The decision to approve or reject this project rested with the Interagency Committee and the Prime Minister.

Minister Kerobyan went on to make more outlandish claims. He wrote: Let Mr. Tovmasyan “submit his proposal to the government’s approval in the next two weeks, but if he wants to pick up the nine hectares of land in Yerevan by promising a negligible amount of investment, then I remain of the opinion that this is not an investment project but a robbery. We have also proposed to implement this business with their conditions and tax permits in a city other than Yerevan, but incomprehensibly, exactly the precious piece of land in Yerevan is necessary to them for this production zone.”

Minister Kerobyan is misleading the public. Even though the Armenian government has not responded to the proposal in several years, he is claiming that he will respond in two weeks. Why hasn’t he then reacted to the existing proposal since his appointment last November? The fact is that he has never made a counter-proposal and has never sat down with the investor to discuss the proposal. Incidentally, the Defense Ministry was the one that suggested the land located on the outskirts of Yerevan to Mr. Tovmasyan, not for free, but for purchase.

Finally, it is very unprofessional of Mr. Kerobyan to respond through a Facebook post to a serious proposal involving a multi-million dollar military production. Regrettably, that reflects the Minister’s lack of qualification for the job he holds.

In conclusion, Armenia lost the war for many reasons, but this type of behavior by an unqualified Minister and an incompetent government does not inspire any confidence that it will be able to attract investors and improve the country’s dismal economic situation anytime soon.



Source Panorama.am
Share |

Related news

Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:

Newsfeed

17:07
Winter military draft starts in Armenia on November 25
The winter conscription for compulsory military service starts in Armenia on November 25 to run through January 31, 2025. The...
16:45
Russian spokeswoman told not to comment on ballistic missile strike live on air
Russia's foreign ministry spokeswoman Maria Zakharova received a phone call during a live press briefing on Thursday telling her not to...
16:33
Belgian politicians call for immediate release of all Armenian prisoners held in Baku
In the backdrop of the COP29 currently taking place in Baku 20 members of the Belgian Federal Parliament, the Flemish Parliament, the Walloon...
16:06
Armenia thwarts large-scale drug smuggling attempt
Officers of Armenia’s State Revenue Committee (SRC) have foiled an attempt to smuggle some 1,600 grams of cocaine into the country as part...
15:33
Armenian government reduces financial aid for Artsakh refugees
The Armenian government on Thursday approved a decision to reduce financial aid for the displaced Artsakh Armenians. Starting from...
14:45
Percival Everett wins National Book Award
Percival Everett has won the $10,000 National Book Award for fiction, one of the US’s most prestigious literary prizes, for James, his...
14:35
Pyunik v West Armenia match canceled
An Armenian Premier League match between FC Pyunik and West Armenia has been canceled. The 17th round match was scheduled for November 21....
14:06
Armenian Foreign Ministry denies cooperation with Azerbaijan on water management
Armenia’s Foreign Ministry has denied claims of cooperation with Azerbaijan on transboundary water resources management. In a social...
13:36
No rain in sight for rest of the week
Clear weather is expected in Armenia's regions from Thursday to Sunday.  Rain and snow are forecast for most parts of the country...
13:06
Pashinyan thanks dismissed officials for cooperation
Armenian Prime Minister Nikol Pashinyan expressed gratitude to the dismissed top government officials for joint work and wished good luck to...
12:36
Armenian church marks Presentation of Virgin Mary
The Armenian Apostolic Church celebrates the Presentation of the Blessed Virgin Mary on Thursday, November 21. According to tradition,...
12:15
Luxembourg's parliament demands immediate release of all unlawfully imprisoned persons in Azerbaijan
Luxembourg’s Chamber of Deputies has adopted a resolution condemning the Azerbaijani government’s sanctions against the freedom of...
12:00
Davit Khudatyan appointed minister of territorial administration
Armavir Governor Davit Khudatyan has been appointed Minister of Territorial Administration and Infrastructure. Armenian President Vahagn...
11:45
Australia launches bill to ban social media for children under 16
Australia's centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and...
11:30
Armenia's Andranik Avetisyan wins gold at World Military Wrestling Championships
The 37th World Military Wrestling Championships kicked off in Yerevan, Armenia, on Wednesday, bringing together 400 participants...
11:10
Leopard missing for two years spotted in Armenia's Tavush
A leopard, that lost its front paw and disappered from Armenia's Vayots Dzor Province in December 2022, has been spotted in...
17:09
Armenian political analyst warns of risk of nuclear war
Political scientist Stepan Danielyan has warned of an imminent threat of nuclear war after the Russian nuclear doctrine change. President...
16:45
Rain, snow expected in parts of Armenia
Rain and snow are forecast for some parts of Armenia on Wednesday, overnight Thursday, late on Sunday and next Monday. Clear weather is...
16:22
GM Robert Hovhannisyan qualifies for FIDE World Cup
The European Individual Chess Championship 2024 has concluded. GM Aleksandar Indjic from Serbia became the champion, scoring 9 points...
15:46
Cher reveals she lost her virginity at 14 to get revenge on boyfriend
Cher has revealed she lost her virginity at age 14 as an act of revenge against her teenage boyfriend, The Independent reports. In part...
15:32
Political analyst: Azerbaijan transported weapons to Nakhichevan 5 times in 4 days
Political analyst Sergei Melkonian, a research fellow at the Applied Policy Research Institute (APRI Armenia), says Azerbaijani planes carrying...
15:04
Azerbaijan attempts to distort Energy Charter goals in lawsuit against Armenia
Azerbaijan is attempting to distort the content and goals of the Energy Charter Treaty by trying to link it to the Nagorno-Karabakh conflict,...
14:32
Armenian MP calls for tough response to destruction of Artsakh heritage
Opposition lawmaker Tigran Abrahamyan calls for a tough international response to Azerbaijan’s destruction and desecration of Armenian...
13:52
Arpine Sargsyan appointed Armenian interior minister
Armenian President Vahagn Khachaturyan on Wednesday signed a decree to appoint Arpine Sargsyan as Armenia’s new interior minister....
13:30
November 20 is World COPD Day
World Chronic Obstructive Lung Disease (COPD) Day is marked annually on November 20. World COPD Day is organized by the Global...
13:06
Yerevan to spend some 549.7 million drams on New Year celebrations
The Yerevan Municipality will spend 549.7 million drams on the upcoming New Year celebrations in the Armenian capital, Deputy Yerevan Mayor...
12:34
Pashinyan names pick for new minister of territorial administration
Prime Minister Nikol Pashinyan has named Davit Khudatyan as his pick for Armenia's new minister of territorial administration and...
12:15
Amnesty International urges Georgia to respect right to peaceful assembly
Reacting to the news that police in Tbilisi, Georgia’s capital, have violently dismantled a protesters’ tent camp, Denis Krivosheev,...
12:05
'Dictators release political prisoners only when they face consequences,' lawyer says
Azerbaijan, a country often criticized for its authoritarian governance and human rights abuses, is hosting the 29th United Nations Climate...
11:30
Armenia blocks Artsakh movie from nomination for Oscars
By Harut Sassounian TheCaliforniaCourier.com In my last week’s article I criticized the government of Jordan for buckling under...

Follow us and get updates!

Most popular articles

{"core.blocks.header.spell_message1":"Selected mistake: ","core.blocks.header.spell_message2":"Send a message about the mistake?"}