Home / Knowledge / News / Apparel/Garments / Mongolian firm bags 3mn euro apparel export contract
Mongolian firm bags 3mn euro apparel export contract
12
Jun '14
Mongolian company Exclusive has signed a contract with Poland-Turkey joint venture Rubin to annually supply €3 million worth of apparel, mainly jackets. This was disclosed at a press conference, reports UB Post.
 
The agreement was signed during the visit of Ilhan Erden, president of Rubin, to Mongolia. As per the deal, the first batch of exports would be made in October this year.
 
At present, there are about 450 apparel factories operating in Mongolia. Earlier, the garment manufacturing units flourished without any Government support, but soft loans for equipment and facilities were provided under the Chinggis bonds scheme from 2012.
 
Mongolia is a land-locked nation, situated between China and Russia—two large economies. The Asian Development Bank predicts Mongolian GDP to grow at 9.5 percent in 2014 and 10 percent in 2015.
 
Meanwhile, the Mongolia Economic Forum is hosting a Mongolia Business Summit form June 19-21, 2014, focusing on global partnerships to facilitate business growth.
 
A huge focus of the summit is to introduce corporations, bankers, investors and entrepreneurs, both local and international, to discover how they can explore the untapped potential of one of the world’s fastest growing economies, according to the organizers.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy- Amity University, B L Arya and Shashi Kant Thakur with technology transfer agreement

Textiles | On 30th May 2016

New pilot plant to treat textile generated waste water

Scientists and researchers of Amity University has recently developed ...

Apparel/Garments | On 30th May 2016

Ennis, Inc. completes Alstyle Apparel sale

Texas-based Ennis, Inc. has announced that it has completed the...

Courtesy: Ethicalcorp

Textiles | On 30th May 2016

Corporate execs wary of sustainability driven revenue

Business Intelligence provider Ethical Corporation’s...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

How was your experience of a collaborative stall at ITMA 2015? Please...

Rahuul Jashnani
Jashn

What is the size of the ethnicwear vertical in India? How are Indian...

Veronique Lee
Modavanti

Sustainable fashion is not necessarily pocket- friendly. Are consumers...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Marten Alkhagen
Swerea IVF AB

<b><i>Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles...

Mark Paterson
Technical Absorbents Ltd

<b><i>Mark Paterson, R&D manager of Technical Absorbents Ltd talks about...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search