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Indian firms to invest in Kyrgyzstan for cotton processing
19
Dec '13
Indian firms have shown interest in investing for cotton processing in Kyrgyzstan, said head of the department of light industry of the Ministry of Energy and Industry, Fatima Sadamkulova, during the presentation of results of the Kyrgyz delegation’s visit to India at the Ministry of Energy and Industry in the city of Bishkek. 
 
Ms. Sadamkulova said that during the Kyrgyz delegation’s visit to several states in India, in order to learn about the Indian Government’s programs to support sewing technology parks in the country, many entrepreneurs from India expressed interest for investing in processing of cotton in Kyrgyzstan, reports Kyrgyz newspaper Kabar.
 
During the visit, the Kyrgyz delegation invited entrepreneurs from India to open businesses in Kyrgyzstan, and many offered to invest in the processing of cotton, since India has much better experience in the field, she added.
 
According to Ms. Sadamkulova, the main purpose of the trip was to understand the Government programs offered in India for the support of technology parks in the country.
 
The Kyrgyz delegation visited several sewing technology parks in the country to obtain information about the structure of control mechanisms of cooperation between member states in India, as well as the legal form and ownership of the technology parks.
 
Ms. Sadamkulova said that during the visit the Kyrgyz delegation aimed at studying mechanisms of cooperation with industry associations and institutions, in order to promote bilateral trade between the two countries, and support the garment sector of Kyrgyzstan.
 
The Kyrgyz delegation comprising of representatives from the Ministry of Energy and Industry, the Association of Light Industry Enterprises (Legprom) represented by the director Mr. Tologonova, visited several states in India, during November end.
 
The visit was conducted with technical support from the ‘Trade Promotion in Kyrgyzstan’ program of International Trade Center (ITC), funded by the Government of Switzerland, and the program ‘Promotion of sustainable economic development of the Kyrgyz Republic’, of the German Society for International Cooperation (GIZ).
 

Fibre2fashion News Desk - India


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