Russia's Penza textile firms to explore Belarusian market

22 Feb '14

2 min read

Light industry enterprises (textile and clothing enterprises) from the Russian region of Penza have entered into an agreement with enterprises from the Eastern European country of Belarus, with the aim of foraying into the Belarusian market, said deputy chairman of the Penza regional government Vladimir Volkov, during an international conference for youth business incubator in Popova city.

At the conference, Mr. Volkov explained that one of the main objectives for entering into the agreement with representatives of the Belarusian textile industry is to create a bilateral trade relation between Penza and Belarus, especially in order to develop the domestic light industry, reports PenzaNews.

Under the agreement, a joint working group has been established between the Russian region and the Eastern European country, and an association has been formed called ‘Penzatekstillegprom’, where representatives from both the sides would undertake new projects for the development of the light industry, he added.

Mr. Volkov said that the Penza light industry has several enterprises, small, medium and large, which are operating in the textile and clothing sector, manufacturing various products such as children’s clothing, linen products as well as home textiles.

The objective of the agreement is to open up markets in Belarus for Penza light industry products, especially for linen clothing, as well as collaborate with the Belarusian light industry for raw materials such as flax, which is scarce in the Russian region, he added.

According to Mr. Volkov, the next step of the cooperation agreement is to implement several joint ventures between the light industries of Penza and Belarus, and increase production of textile and clothing products, to benefit both the sides.

Mr. Volkov informed that in March 2014, a delegation of representatives from the Penza light industry enterprises would be visiting Belarus in order to further explore opportunities and take forward the cooperation agreement.

Fibre2fashion News Desk - India

More Textiles News - Russia...