Uzbekistan and South Korea are implementing projects for production of shirt and blended fabrics
19/01/2019 15:21
Uzbekistan and South Korea are implementing projects for production of shirt and blended fabrics
19/01/2019 15:21
Tashkent, Uzbekistan (UzDaily.com) -- On 15-19 January, Association "Uztextileprom" organized a visit of a delegation of Daewon Co (Republic of Korea) to the Republic of Uzbekistan.
Currently, the Association "Uztextileprom" is working on the project of organizing the production of shirt and other types of fabrics.
Following the visit of the Korean delegation to Uzbekistan in November-December 2018, the place of deployment for the implementation of a new project to create a textile technopark was chosen in Pskentsky district in Tashkent region. In the framework of current visit, a meeting was also organized at the Tashkent region khokimiyat.
Within the framework of the current visit of the South Korean delegation, a meeting was held with the leadership of the Uztekstilprom Association, during which investment proposals for cooperation in the textile industry were discussed.
In turn, the Korean side expressed its willingness to implement a project to create a production of shirt and other types of fabrics, as well as finished products worth US$10 million in Tashkent region, with a production capacity of 1.8 million square meters of blended fabric. The project is planned to be implemented jointly with the domestic company Istiklol Design.
The meeting discussed development of a business plan for the project, as well as information on the current state of the blended fabrics market in Uzbekistan.
In continuation of the development of the textile and garment and knitwear industry of the republic, at the end of December 2018, the Association "Uztextileprom" organized a visit of a delegation of the Korean company "YoungNam Spinning Co., LTD" headed by the company president Mr. Wang Yong Kim to Uzbekistan.
The purpose of the delegation’s visit was to familiarize with the investment potential of the republic, as well as to conduct preliminary economic and marketing research.
As part of the visit of the Korean delegation, meetings were organized in the Association "Uztextileprom", in the khokimiyats of the Tashkent and Samarkand regions, as well as a visit to the production areas in these areas.
At the end of the visit, the company expressed interest in the implementation of an investment project to organize the production of textile products in the Samarkand region.
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