Home / Knowledge / News / Textiles / Uzbekistan, Korea sign textile cooperation agreements
Uzbekistan, Korea sign textile cooperation agreements
19
Jun '14
Several agreements for cooperation in the textile sector were signed between Uzbekistan and Korea during the first state visit of South Korean President Park Geun-hye to Uzbekistan, reports UzReport.
 
At the meeting of the Uzbek-Korean business forum in Tashkent, a memorandum of understanding (MoU) was signed between the Uzbek light industry joint stock company Uzbekyengilsanoat and the Korean Institute of Technology Development for setting up a Textile Technology Innovation Centre in Tashkent at a cost of US$ 10 million.
 
Agreements were also signed for three new Uzbek-Korean joint investment projects in the textile and light industry. A $20 million agreement was signed for a project between Uzbekyengilsanoat and the South Korea-based Yanguan Corporation.
 
Uzbekyengilsanoat also signed MoU for investing $12 million for expansion and modernization of existing production units of Daewoo Textile Fergana and Daewoo Textile Bukhara.
 
In addition, a MoU on cooperation in the textile and light industry was signed between Uzbekistan’s Ministry of Foreign Economic Relations, Investments and Trade and South Korean Ministry of Commerce, Industry and Energy.
 
Currently, there are more than 400 enterprises, including textile companies, in Uzbekistan which have been created in partnership with South Korean businesses.
 
In 2013, the bilateral trade turnover between the two countries crossed US$ 2 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

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

‘The percentage share of printing in the global textile market is pretty...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Steve Cole
Xerium Technologies

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X