Azerbaijan announces investment contest for Baki Taxil

The Committee told that local and foreign investors can take part in the bidding.

The requirements are to produce flour, bread and grain products meeting international standards and norms and expand the product mix, APA reports.

The bidders should submit Investment Program aimed at reconstruction and repair of flour mills, modernization of broad production, application of advanced technology and increase of grain procurement, improvement of employment opportunities and employees' social security.

The winner has to transfer the bidden money to the state budget with 30 days following the date agreement is signed and 5% of the amount to the account of the joint stock company within 60 days.

The deadline for bidding is April 2 and bids will be opened on April 4.