Uzbekistan is to invest $2 million into the opening of the garment factory in Kyrgyzstan, Uztekstilprom association reports. The announcement is seen as a result of negotiations between business circles of the two states that took place as part of Kyrgyz president Sadyr Japarov’s state visit in Uzbekistan on March 11.
The Director of Nil-Granit, working under brand SAMO, Akrom Ganiev and Deputy Director of Uzbektextileprom Daniyar Habibullaev inked the roadmap with Bishkek Free Economic Zone Director General Kudret Taichabarov.
Uzbekistan is to rent a 2-ha area in the Free Economic Zone and to create a factory for 200 jobs. Kyrgyzstan is to provide the necessary infrastructure for the factory, adapt it to local construction standards and help to obtain all the necessary permits.
The factory is set to produce high-quality clothing meeting world standards. It will be exported to the Eurasian Economic Union countries and beyond.
According to Uzbekistan’s statistical committee, the country exported $459.3 million worth of ready garment to foreign countries in 2020. Most of the goods were exported to Russia ($247.2 million) and Kyrgyzstan ($170.6 million). (Uzreport/Business World Magazine)
