Innovation Proposals
Institute of Hydroponics Problems after G.S. Davtyan Institute of Hydroponics Problems after G.S. Davtyan
Division of Natural Sciences

Biotechnology of medicinal and spice plants production by hydroponic method

N Investment project title Biotechnology of medicinal and spice plants production by hydroponic method
1. Sector

Health care, food industry, agriculture, military forces, nature protection

2. Project description

Hydroponic culture of medicinal and spice plants contributes to the obtaining of ecologically safe, quality raw material with high pharmaceutical, taste and other qualitative features. It reveals and maximally uses potential opportunities of plant due to the controlling and optimization of cultivation conditions, it contributes to the increasing of plants’ productivity 5-6 times from unit nourished surface. Through the application of a closed system, the loss and expenses of water and nutrients (per unit surface and yield) are minimized and due to the production process (mostly automated) it provides a lower cost price. Through the application of a closed system ecological pollution of the environment is excluded, as well as the risk of spread and outbreak of diseases is minimized. 
From 1 hectare of nourished hydroponic surfaces 150-200 ton/ha fresh or 15-20ton/ha dry raw material of medicinal and spice plants can be obtained.

3. Project implementation period 1 year
4. Project location Etchmiadzin Hydroponic Station of G.Davtyan Institute of Hydroponics Problems of NAS RA
5. Project overall cost (USD) 472.500
6. Required investments (USD) 122.500
7. Own funds (USD) Providing of the hydroponic station with cost about 350.000
8. Creation of jobs At the beginning of the project At the end of the project
15 35
9. Payback period 1.7 year
10. Annual profitability index In case of medicinal plant mint - 20.3%, In case of spice plant basil - 18.6%
11. Detailed costs

Preparation of the hydroponic station for exploitation - approximately USD 20.800 (only in the 1st year)
Obtaining of peppermint rhizome and other plants seeds – approximately USD 4.100 
1 ha hydroponic station exploitation in a year (electricity, water, fertilizers, crop planting and seeds sowing, care, harvest, drying, etc) – USD 97.600
Total - USD 122.500

12. Offer to investor

To organize soilless production of a number of valuable and rare medicinal and spice plants at the Etchmiadzin hydroponic station (with 2,3 ha total or 1 ha nourished surface) in collaboration with the Institute and on joint, mutually beneficial basis. 
600 m2 multi dryer (for raw material) is also available at the station.
It is possible to produce more than 35 medicinal and spice plants (peppermint, motherwort, bur marigold, sage, celandine, chicory, liquorice, chamomile, hop, melissa, nepeta, kalanchoe, aloe, stevia, basil, lemon basil, parsley, coriander, dill, thyme, savory, mint, etc.). The Institute has a multi-years rich scientific experience in the field of soilless cultivation of medicinal and spice plants. The results and economic effectiveness have been repeatedly confirmed by the large-scale productions at Etchmiadzin hydroponic station of the Institute.

13. Contact details

Albert Hovsepyan, Deputy Director of G.Davtyan Institute of Hydroponics Problems of NAS RA
E-mail: hydrop {[ at ]} netsys.am
Tel.: (+374 10) 562805, (+374 91) 006052

Anna Tadevosyan, Deputy Director of G.Davtyan Institute of Hydroponics Problems of NAS RA
E-mail: anntadevosyan {[ at ]} yahoo.com
Tel.: (+374 10) 563015, (+374 91) 243151



Pepper mint industrial plantation in outdoor hydroponics (Etchmiadzin)
Pepper mint industrial plantation in outdoor hydroponics (Etchmiadzin)
Basil industrial plantation in outdoor hydroponics (Etchmiadzin)
Basil industrial plantation in outdoor hydroponics (Etchmiadzin)