KHOJALY, Azerbaijan, May 12. The great return to the liberated territories creates broad opportunities for increasing the economic potential of Azerbaijan. Stimulating entrepreneurial activity in the Karabakh and East Zangezur economic regions plays an important role in increasing business attractiveness, developing the region and improving the well-being of the population. Support measures are being implemented to attract local and foreign investors in order to create new industries in the region and provide employment. One of such enterprises is the livestock complex of agriculture of Qoc Et LLC, located in the village of Khanabad in the Khojaly district, the opening of which took place on May 9 with the participation of President Ilham Aliyev, Trend reports.
The livestock complex includes breeding, meat and dairy livestock farming, production and catering services. The total capacity of the breeding farm is 750 heads of cattle. Currently, the farm contains 355 heads of cattle of three different breeds. The complex, which operates using Turkish and German technologies, has an annual production capacity of 100 tons of meat and 2,000 tons of milk. In the future, it is planned to increase milk production to 3,000 tons per year. Products manufactured at the complex will be exported to the United Arab Emirates and Qatar, in addition to the domestic market.
As a result of the enterprise's activities, 55 jobs have been created in the liberated territories. In the future, after the launch of the milk production enterprise, it is expected that the number of jobs created by the enterprise in the liberated territories will reach 100.
The complex, the project cost of which is 4.2 million manats, occupies an area of 7.6 hectares. Winter barley and wheat are sown on an area of more than 500 hectares, which will meet the farm's needs for feed.
It should be noted that machinery, technological equipment and devices, as well as raw materials and materials imported for residents carrying out production activities in the liberated territories, are exempt from VAT and customs duties, and business entities operating here are exempt from paying income tax, land tax, property tax and simplified tax.
