MAKHACHKALA, June 19 – RIA "Dagestan". The recent session of the Expert Council of regional Industrial Development Fund held in the regional Ministry of Industry and Trade approved a RUB 120 million loan for "DTEKS" LLC. The loan, provided through the "Development Projects of the Republic of Dagestan" program, will finance a large-scale project to build a modern production complex. Through this initiative, the company plans to manufacture high-density woven carpets as well as innovative, eco-friendly products.
According to the regional Industrial Development Fund, the implementation of the project will create additional jobs and increase tax revenues. Recall, the project is estimated at RUB 1.2 billion and will create 150 jobs. The factory will be located on the premises of the "Uytash" industrial park.