Uztekstilprom Association and Shamsy Group discuss attraction of Egyptian investments to Uzbekistan
23/03/2018 18:23
Uztekstilprom Association and Shamsy Group discuss attraction of Egyptian investments to Uzbekistan
23/03/2018 18:23
Tashkent, Uzbekistan (UzDaily.com) -- Uztekstilprom (Uzbek Textile Industry) Association and a delegation of Shamsy Group (Egypt) discussed issues of establishing cooperation and attracting investments from Egypt.
According to the press service of the Association, the parties discussed issues of further expansion of cooperation in the textile, apparel and knitted industries.
The Uztekstilprom Association provided detailed information on current state of the textile industry of Uzbekistan, privileges and preferences granted to enterprises of the textile and clothing and knitted industries.
The chairman of the Egyptian company, Mr. Shamsi, said that Shamsy Group was interested in studying the possibility of implementing joint projects in connection with the ongoing economic reforms in the country.
The delegation proposed cooperation on organization of joint production from processing of yarn to finished products under brands of Shamsy Group (Dailydress, Premoda).
At the same time, the Egyptian side is provided with information on plans for future development of textile, clothing and knitting industries till 2019.
Following the meeting, the Uzbek side called to develop a "roadmap" and a plan of concrete measures between the Association Uztekstilprom and the Shamsy Group.
The Uzbek side also suggested exploring the possibility of attracting large companies of Egypt to implement joint investment projects to produce finished textile, hosiery and sewing and knitwear products in Uzbekistan.
The delegation of Shamsy Group also visited the Ideal Business Center in Tashkent.
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