Baku, Azerbaijan, March 2
By Huseyn Valiyev – Trend:
CRM Group companies are expecting preferences from the state to localize the assembly of a wide range of products of the world vendors in Azerbaijan, CRM Group CEO Ramin Suleymanov told Trend on March 2.
Suleymanov said that the preferences that the company receives due to the resident status in "Park of High Technologies" are limited only to exemption from payment of the import duties for equipment necessary for the deployment of production.
"It is also necessary to get similar benefits for imported raw materials for creation of a more favorable environment for investment. Now we are planning to deploy a smartphone assembly, and it would be cost-effective in case we are exempted from payment of the 15 percent duty on the import of components in order to offer market products at a competitive price. The forthcoming plans include increasing types of products that are to be assembled in the country under the 'Made in Azerbaijan' brand, "Suleimanov said.
Another no less important aspect, Suleymanov said, is the need to consider the possibility of releasing the company from social payments to the State Social Insurance Fund from the volume of wages that the company will pay to expats working in Azerbaijan.
"This practice is today applied in the State Oil Company and this is the right approach, since they will not receive pensions in Azerbaijan. We also want to receive these preferences, since a large number of expats, who will train local staff, will be involved in the production process. We have submitted all these proposals to the "Technopark" for consideration and we are waiting for an answer, " Suleymanov said.