VDA Diamonds; Supporting the growth of businesses in Armenia

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09.03.20252 min read

Enterprise Armenia’s aftercare service team visited VDA Diamonds to assess the progress of the investment project and discuss future opportunities.

With an investment of approximately $15 million, the construction of the VDA Diamonds factory began in 2023 with the support of Enterprise Armenia. The factory specializes in processing large diamonds. Today, located in Abovyan, the factory employs over 200 professionals, both from India and Armenia.

During the visit, representatives of Enterprise Armenia met with the company’s Chief Financial Officer, Sunil Jain, and Head of the Legal Department, Zarine Voskanyan. The discussions covered current operational matters and explored potential new investment projects in other sectors.

"Since the very first day of the factory’s operations, Enterprise Armenia has been facilitating seamless and efficient collaboration between the factory and state institutions. We are here to overcome any challenges, provide swift and strategic solutions, and create a predictable and secure environment for businesses. We will continue to support VDA Diamonds, offering essential consultations and aftercare services," stated Vahagn Mughnetsyan, Head of Enterprise Armenia’s Investor Support & Aftercare Services Department.

Armenia continues to strengthen its position as a hub for high-value manufacturing and processing, while Enterprise Armenia remains committed to guiding every investment through its full lifecycle.

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