Home / Knowledge / News / Textiles / Kyrgyzstan invites Korean investment in silk, wool sectors
Kyrgyzstan invites Korean investment in silk, wool sectors
26
Jun '13
Kyrgyzstan’s Deputy Minister of Energy and Industry, Saparbek Asanov, has invited South Korean investment in the country’s silk and woolen sectors.
 
Speaking at a seminar on Korean-Kyrgyz cooperation in the textile industry last week, Mr. Asanov said South Korea has much experience in the textile industry and suggested setting up of joint Kyrgyz-Korean enterprises for processing of silk, wool and cotton.
 
The Minister said Kyrgyzstan would provide land, premises and maintenance of projects, while the Korean firms can bring investment, equipment and expertise.
 
Mr. Asanov said Kyrgyzstan had 2.3 million hectares of mulberry plantations prior to 1990, and the region then produced 845 tons of cocoons, 150 tons of silk fibre and 1.5 million metres of silk fabric annually.
 
He said Kyrgyz silk products were known for their quality, when the country was part of the erstwhile Soviet Russia. 
 
Kyrgyzstan has favourable climatic conditions for mulberry plantations and the Government wants to revive the sericulture industry in the country, he added.
 
Talking about the wool industry, Mr. Asanov said Kyrgyzstan exports most of its wool. He said raw material is available in Kyrgyzstan and invited Korean investment, technology and equipment in the country’s wool processing sector.
 
During the Soviet era, Kyrgyz region had several wool processing firms, especially in Osh, which are no more functional. The region produced about 1.2 million sq m of woolen fabric prior to 1990, Mr. Asanov said.
 
The Ministry is ready to create all possible conditions for investors to maintain mutually beneficial cooperation, Mr. Asanov said and added that the Ministry is ready to consider proposals from the Korean side.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X