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AZERBAIJAN

Japan to invest in tobacco growing in Azerbaijan

10 Sep 2020. Japan will invest USD 40 million in tobacco growing in Azerbaijan, AzerNews reported.

The cooperation in tobacco growing was discussed during the meeting between Vice President of National Confederation of Entrepreneurs of Azerbaijan Vugar Zeynalov and Vice President of the Japan International Development Company Munechika Tanio.

During the meeting, Tanio noted that the company unites more than a thousand investors and has been operating in Azerbaijan since last year, the report said. He stressed that an initial investment in tobacco has been made and a tobacco drying station has been built in the Oguz region. In addition, funds are being invested in the Tovuz region for this purpose.

According to the report, Tanio announced that around 100 Japanese investors are expected to visit Azerbaijan in October to gather detailed information in various areas during their visit to the regions.