Kyrgyzstan invites Korean investment in silk, wool sectors

26 Jun '13

2 min read

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

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